Article By RoboForex.com
Analysis for May 30th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows an ascending movement, which is indicated by bullish Morning Star pattern near support from the closest Window. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm an ascending correction.
At the H1 chart of EUR USD, Tweezers and Tower patterns indicate an ascending movement. The upside Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. Harami, Hammer, and Three White Soldiers patterns indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; bearish Gravestone Doji pattern indicates a possible bearish pullback.
RoboForex Analytical Department
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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.
