Japanese Candlesticks Analysis 10.02.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bearish tendency continues. The upside Window provided resistance and Harami pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the downtrend continues. High Wave and Three Methods patterns showed a descending movement. The downside Window may provide support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Hammer and Inverter Hammer patterns indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; High Wave patterns shows a bearish 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.