Article By RoboForex.com
Analysis for October 6th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, Hammer pattern indicates a pullback upwards. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. Candlesticks are bullish; the upside Window is a resistance level. Three Methods continuation pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending movement.
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.
