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Japanese Candlesticks Analysis 18.02.2016 (EUR/USD, USD/JPY)

Analysis for February 18th, 2016

EUR USD, “Euro vs. US Dollar”

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



At the H1 chart of EUR USD, the sideways correction continues. Hammer and Inverted Hammer patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows an ascending correction. Tower and Doji patterns indicate a descending movement towards the downside Window, which provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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