Article By RoboForex.com
Analysis for April 12th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Belt Hold pattern indicated an ascending movement. The daily Window was broken by a bullish candlestick. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; there might be a bearish pullback from the resistance level towards the daily Window, which provides support.
The H1 chart of EUR USD shows a bullish tendency. Harami and Hammer pattern in the support area indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending correction, which is indicated by bullish Hammer and Tweezers patterns near the downside Window, which provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
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.
