Analysis for June 30th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction within the Window in the middle. The upside border of the Window is a resistance level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues.
At the H1 chart of EUR USD, the Windows in the middle provide support/resistance. Three Methods and Engulfing Bullish patterns indicate an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Harami pattern indicates that the sideways correction within the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department