Article By RoboForex.com
Analysis for March 24th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tweezers pattern indicated a descending correction. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a bearish tendency. Three Methods continuation pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. High Wave pattern shows a possible bullish pullback away from the upside Window, which is a support level.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending correction within the downtrend. Three Methods continuation pattern indicates a bullish movement. The closest Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
