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Japanese Candlesticks Analysis 16.02.2016 (EUR/USD, USD/JPY)

Analysis for February 16th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Doji pattern indicates an ascending movement. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, bullish Hammer pattern showed an ascending correction. The closest Window provides support. Three Line Break chart indicates a descending tendency; Heiken Ashi candlesticks confirm a bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Harami and Tweezers patterns indicated an ascending correction. The downside Window provides support. Three Line Break chart shows a bullish direction; bearish Doji pattern and Heiken Ashi candlesticks confirm a descending movement.



 
RoboForex Analytical Department

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