Analysis for February 18th, 2015
At the H4 chart of EUR USD, the price has formed Evening Star and Tweezers patterns near the Moving Average, which means that a descending movement may yet continue. Three Line Break chart and Heiken Ashi candlesticks are reversing downwards.
EUR USD, “Euro vs. US Dollar”
As we can see at the H1 chart of EUR USD, after finishing Harami pattern, the price formed Three Black Crows pattern. Three Line Break chart and Heiken Ashi candlesticks are moving in different directions.
USD JPY, “US Dollar vs. Japanese Yen”At the H4 chart of USD JPY, we can see that the price has formed Hammer pattern near the closest Window. After the correction, the pair completed Harami pattern, which may be the first sign that the market is going to resume growing, but this assumption hasn’t been confirmed yet by Three Line Break chart.
As we can see at the H1 chart of USD JPY, the pair has formed Harami and Tweezers patterns near the closest Window. Possibly, in the nearest future the price may form a pullback towards the upper Window, which is confirmed by an ascending movement indicated by Heiken Ashi candlesticks.
RoboForex Analytical Department
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