Article By RoboForex.com
Analysis for August 19th, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, the downtrend continues. The price is trying to break a strong support from the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a descending tendency, which started after Engulfing Bearish pattern. Continuation patterns, Three Line Break chart, and Heiken Ashi candlesticks confirm that the descending tendency continues.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows the uptrend. Despite an impressive candlestick of Engulfing Bearish pattern, the price wasn’t able to break bullish Hammer and Inverted Hammer patterns, Moving Average 55 and the closest Window. Nevertheless, Three Line Break chart indicates a bearish tendency; Heiken Ashi candlesticks, being a more sensitive indicator, confirm an ascending movement.
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.
