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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