Analysis for August 5th, 2015
As we can see at the H4 chart of EUR USD, the downtrend continues. Earlier, the correction reached the Window in the middle and Harami pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
EUR USD, “Euro vs. US Dollar”
The H1 chart of EUR USD shows the downtrend. The lower Window provided resistance. Doji candlesticks prevented the sideways correction from leaving Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”The H4 chart of USD JPY shows the uptrend. Hammer pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
RoboForex Analytical Department
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