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Japanese Candlesticks Analysis 05.02.2015 (EUR/USD, USD/JPY)

Analysis for February 5th, 2015

EUR USD, “Euro vs. US Dollar”

As we can see at the H4 chart of EUR USD, the price has completed an ascending correction after Shooting Star pattern and right now, the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows a bullish pullback, which is indicated by Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a correction within the downtrend. Three Line Break chart indicates an ascending correction; Harami pattern and Heiken Ashi candlesticks confirm a bearish movement.



 
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