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Japanese Candlesticks Analysis 19.02.2016 (EUR/USD, USD/JPY)

Analysis for February 19th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Three Methods patterns indicated a correction close to the downside Window. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the Window provides support.

At the H1 chart of EUR USD, bullish Three Methods pattern indicates that an ascending correction continues. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Tower and Doji patterns indicated a descending movement towards the downside Window, which provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Harami pattern near the Window indicates a possible bullish pullback.

RoboForex Analytical Department

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