Japanese Candlesticks Analysis 09.02.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a sideways correction. The downside Window provided support. Piercing Line indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending correction.
The H1 chart of EUR USD shows an ascending correction. The downside Window provided support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; the Window in the middle is a resistance level.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Hammer and Inverter Hammer patterns indicate an ascending correction. The closest Window is a resistance level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.