Article By RoboForex.com
Analysis for April 24th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement, which is indicated by Tower pattern 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 sideways correction between two Windows. Shooting Star pattern and Three Line Break chart confirm bearish pullback; Heiken Ashi candlesticks indicate bullish movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows ascending movement, which is indicated by Morning Star pattern and Three Line Break chart. Heiken Ashi candlesticks indicate possibility of sideways correction.
H1 chart of USD JPY shows sideways correction within ascending trend. Closest Window is resistance level. Hammer, Tower, and Morning Star patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
