Analysis for February 23rd, 2016
EUR USD, “Euro vs. US Dollar”
On the 4-hour euro dollar chart the bearish Three methods model indicated a downward direction, the Window nearest to the price was broken and can give resistance. In the 3-line break graph and Heiken Ashi candles remain bearish.
On the hourly euro dollar chart there is a lateral correction, the lower Window showed support, the Inverted Hammer indicates the upward direction. In the 3-line break graph there is a bearish indication, Heiken Ashi candles confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
On the 4-hour dollar yen chart the bearish trend continues, Tower and Doji pointed out the direction down, the lower Window shows resistance. The 3-line break chart and Heiken Ashi Harami candles confirm the downward trend.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.