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Japanese Candlesticks Analysis 05.02.2016 (EUR/USD, USD/JPY)

Analysis for February 5th, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bullish tendency. The upside Window provided resistance. Three Line Break chart indicates a bullish direction; High Wave pattern and Heiken Ashi candlesticks confirm a bearish pullback towards the Window in the middle.



The H1 chart of EUR USD shows the uptrend. Shooting Star pattern indicated a descending correction. Three Line Break chart confirms the uptrend; Heiken Ashi candlesticks show a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Shooting Star and Doji patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Hammer pattern indicates a bullish pullback.



 
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