RoboForex - Analytics

RoboForex

907.00 5.50/10
77% of positive reviews
Real
How to join the service?

Japanese Candlesticks Analysis 08.02.2016 (EUR/USD, USD/JPY)

Analysis for February 8th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Tower, High Wave, and Tweezers patterns indicated a descending correction. The upside Window provided resistance; the one in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



The H1 chart of EUR USD shows the uptrend. Shooting Star and Tweezers patterns indicated a descending correction. Three Line Break chart confirms that the correction continues; Heiken Ashi candlesticks show a possible bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bearish pattern indicates a descending movement. Three Line Break chart shows a bearish direction; High Wave pattern and Heiken Ashi candlesticks confirm an ascending movement.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree