Analysis for October 17th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Morning Star pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, bullish Tweezers pattern indicates an ascending movement. The downside Window is a resistance level. 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, bearish Hanging Man pattern indicates a descending correction. The upside Window is a resistance level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department