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Japanese Candlesticks Analysis 22.02.2016 (EUR/USD, USD/JPY)

Analysis for February 22nd, 2016

EUR USD, “Euro vs. US Dollar”

On the 4-hour Eurodollar chart in the Windows zone the bearish Three methods model indicates the possibility of the break-down of Window. The 3-line break chart and Heiken Ashi candles show a bearish direction.

On the hourly Eurodollar chart, the bullish Doji pointed to an upward correction, a new window down opened. The 3-line break chart and Heiken Ashi candlesticks show a bearish direction.

USD JPY, “US Dollar vs. Japanese Yen”

On the 4-hour dollar yen chart there is a bearish trend, Doji and Tower pointed to a downward direction, the lower Window is the support. On the 3-line break chart a bearish indication remains, Heiken Ashi candles Harami confirm the possibility of a bullish pullback.

RoboForex Analytical Department

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