Article By RoboForex.com
Analysis for May 23rd, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
H1 chart of EUR USD also shows descending trend. Lower Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows correction within bearish trend, which is indicated by Engulfing Bullish and Three Methods patterns. Moving Average 55 is resistance level. Three Line Break chart indicates that correction continues; Heiken Ashi candlesticks confirm bearish pullback.
H1 chart of USD JPY shows correction near closest Window, which is resistance level. Three Line Break chart indicates that correction continues; Heiken Ashi candlesticks confirm bullish movement.
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RoboForex Analytical Department
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.
