Analysis for May 8th, 2015
The H4 chart of EUR USD shows a descending movement, which is indicated by bearish Tower pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, the lower Window provides support. Three Line Break chart indicates a bearish movement; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”The H4 chart of USD JPY shows a bullish movement, which is indicated by Doji pattern. The upper Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
RoboForex Analytical Department
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