Article By RoboForex.com
Analysis for August 28th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend, which is indicated by bullish Tower pattern. The price is closing the Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending correction.
At the H1 chart of EUR USD, an open Window is a resistance level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bearish correction within the uptrend. A new Window is closed and now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending correction.
RoboForex Analytical Department
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
