Analysis for October 18th, 2016
At the H4 chart of EUR USD, bullish Three Methods continuation pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the bullish correction continues.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, Engulfing Bearish pattern indicates a bearish pullback. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H4 chart of USD JPY, Engulfing Bullish pattern indicates an ascending movement. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
RoboForex Analytical Department
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