Analysis for May 13th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the daily Window in the middle provided resistance. Bearish Harami pattern indicated a descending movement. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the bearish tendency continues. Harami pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Hammer pattern shows a possible bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bearish pattern indicated a descending movement. The Window in the middle provides support. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department