Analysis for May 12th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicates a possible bearish pullback. The daily Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, bearish Harami pattern indicated a descending correction. The downside Window provides support. Three Line Break chart shows a bullish tendency; Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Doji pattern indicated a descending movement. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department