Analysis for June 19th, 2014
EUR USD, “Euro vs US Dollar”
At H4 chart of EURUSD bullish correction had started with the support provided from the Window after bullish engulfing pattern. Three-Line break shows probability of correction, Three methods and Heiken Ashi candlesticks confirm ascending trend.
At H1 chart of EURUSD upper Window is considered to be a resistance area. Three-Line break chart and Three methods as well as Heiken Ashi candlesticks confirm ascending destination.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USDJPY indicates bullish trend after Harami. Three methods, Three-Line break and Heiken Ashi confirm descending destination until support is achieved.
At H1 chart, we can see descending trend, lower Window is considered to be a support. Three-Line break and Heiken Ashi confirm descending destination.
RoboForex Analytical Department