Japanese Candlesticks Analysis 17.02.2016 (EUR/USD, USD/JPY)
17.02.2016
Analysis for February 17th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Doji and Tower patterns indicate an ascending movement. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a sideways correction. Inverted Hammer pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downside Window provides support. Bearish Tower and Doji patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.