Analysis for July 26th, 2016
At the H4 chart of EUR USD, Engulfing Bullish and Tweezers pattern indicate that the correction within the downtrend continues. The downside Window is a resistance level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the correction continues.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, Three Methods continuation pattern showed a bullish movement. The Window in the middle provides resistance. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm the correction.
USD JPY, “US Dollar vs. Japanese Yen”At the H4 chart of USD JPY, bearish Harami patterns indicated a descending correction. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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