Analysis for May 5th, 2015
The H4 chart of EUR USD shows a descending movement, which is indicated by Doji Evening Star pattern. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.
EUR USD, “Euro vs. US Dollar”
The H1 chart of EUR USD shows a correction within the uptrend. Three Line Break chart indicates a descending correction; Heiken Ashi candlesticks confirm a bullish pullback from Moving Average 89.
USD JPY, “US Dollar vs. Japanese Yen”At the H4 chart of USD JPY, the upper Window is a resistance level. Bullish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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