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Japanese Candlesticks Analysis 23.02.2016 (EUR/USD, USD/JPY)

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

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