Analysis for April 25th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement, which is indicated by Tower and Belt Hold patterns near middle Window, which is support level. Three Line Break chart indicates correction; Heiken Ashi candlesticks confirm ascending movement towards open Window.
H1 chart of EUR USD shows bullish tendency, which is indicated by Piercing Line pattern. Three Line Break chart indicates bearish pullback; Three Methods pattern and Heiken Ashi candlesticks confirm bullish movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows sideways correction. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement; Hammer pattern indicates that bullish tendency continues.
H1 chart of USD JPY shows sideways correction within ascending trend. Closest Window is resistance level. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department