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Japanese Candlesticks Analysis 01.02.2016 (EUR/USD, USD/JPY)

Analysis for February 1st, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a sideways tendency. Hammer pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.



At the H1 chart of EUR USD, bullish Harami pattern indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that an ascending correction continues.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Three Methods pattern indicated that the bullish tendency continues. The middle Window may provide support; the upside one provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
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