Japanese Candlesticks Analysis 15.02.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods continuation pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the bearish tendency continues. The downside Window may provide support. Three Line Break chart and Heiken Ashi candlesticks confirm that the descending movement continues.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. The upside Window is a resistance level. There are no reversal patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
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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.