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Japanese Candlesticks Analysis 17.02.2016 (EUR/USD, USD/JPY)

Analysis for February 17th, 2016

EUR USD, “Euro vs. US Dollar”

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



The H1 chart of EUR USD shows a sideways correction. Inverted Hammer pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downside Window provides support. Bearish Tower and Doji patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



 
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