Analysis for May 21st, 2015
The H4 chart of EUR USD shows an ascending correction, which is indicated by Morning Star pattern. The closest Window is a resistance level. Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish movement.
EUR USD, “Euro vs. US Dollar”
As we can see at the H1 chart of EUR USD, after forming bullish Harami pattern, the price has started a sideways correction. The lower Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”The H4 chart of USD JPY shows a bullish tendency. The upper Window provides support level. Evening Star indicates a bearish correction; Three Line Break chart and Heiken Ashi candlesticks confirm a descending correction.
RoboForex Analytical Department
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