Article By RoboForex.com
Analysis for May 19th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods continuation pattern indicates a descending movement. The downside Window is broken; not it provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
The H1 chart of EUR USD shows a sideways correction. Engulfing Bullish pattern indicates a bullish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm that the bearish tendency continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues after being supported by the Window in the middle. Three Line Break chart confirms an ascending movement; Doji pattern and Heiken Ashi candlesticks indicate a possible bearish pullback.
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.
