Analysis for August 12th, 2016
At the H4 chart of EUR USD, bearish Harami, Tweezers, and Three Methods patterns indicate a descending movement. The Window in the middle is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, High Wave pattern showed an ascending movement. Three Line Break chart indicated a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”At the H4 chart of USD JPY, the closest Window is broken and now it’s a support level. Harami pattern indicated a pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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