Analysis for May 29th, 2015
At the H4 chart of EUR USD, bullish Harami pattern indicates an ascending correction. Three Line Break chart shows a bullish movement; Shooting Star pattern and Heiken Ashi candlesticks confirm a bearish pullback.
EUR USD, “Euro vs. US Dollar”
The H1 chart of EUR USD shows a correction within the downtrend. The closest Windows are support/resistance levels. Three Line Break chart indicates that an ascending correction continues; Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”The H4 chart of USD JPY shows a bullish tendency. Engulfing Bearish pattern indicates a bearish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
RoboForex Analytical Department
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