Japanese Candlesticks Analysis 16.02.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bullish pattern indicated an ascending movement. The downside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows an ascending correction within the downtrend. The Window in the middle may provide resistance. Three Line Break chart and Heiken Ashi candlesticks confirm that the ascending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the upside Window provided resistance. Engulfing pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
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