Analysis for February 9th, 2016
At the H4 chart of EUR USD, High Wave, Tweezers, and Doji patterns indicate a descending correction. The upside Window provides resistance; the one in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
EUR USD, “Euro vs. US Dollar”
The H1 chart of EUR USD shows a sideways correction within the uptrend. Shooting Star pattern indicates that the correction continues. The closest Window provides support. Three Line Break chart shows the uptrend; Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”The H4 chart of USD JPY shows a bearish tendency; Hammer pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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