Article By RoboForex.com
Analysis for August 27th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Three Methods pattern shows that the correction within the uptrend continues and that the price may break the upper Window downwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
At the H1 chart of EUR USD, Doji pattern near the upper Window indicated a bearish movement. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Hammer pattern indicated an ascending correction. The closest Window provides resistance. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm the ascending correction.
RoboForex Analytical Department
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Article By RoboForex.com
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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.
