Analysis for October 22nd, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend. Tweezers and Shooting Star patterns indicate a possibility that the correction may complete; Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a descending movement; which is indicated by Shooting Star and Engulfing Bearish patterns. Three Line Break and Heiken Ashi candlesticks confirm a bearish tendency.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. The closest Windows are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department