Analysis for April 27th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Three Methods pattern indicates that a bullish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of EUR USD shows a sideways correction. The closest Window provides support. Engulfing Bearish pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart of USD JPY, Hammer and Harami patterns along with Heiken Ashi candlesticks confirm an ascending movement; Three Line Break chart indicates a bearish movement.
RoboForex Analytical Department