Article By RoboForex.com
Analysis for August 14th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a sideways correction near lower Window, which is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm bearish movement; bullish Tweezers, Harami, and Hammer reversal patterns indicate that an ascending correction may become deeper.
The H1 chart of EUR USD shows a bearish tendency, which started after Harami and Three Black Crows patterns. Three Methods continuation patterns, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows descending movement, which is indicated by Shooting Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm that an ascending tendency may continue.
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.
