Analysis for May 4th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a descending movement, which is indicated by Doji Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a descending movement, which is indicated by bearish Harami and Tower patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the upper Window is a resistance level. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm a bearish pullback.
RoboForex Analytical Department