Analysis for February 5th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the ascending trend, which is indicated by Engulfing Bearish pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a descending movement.
The H1 chart of the EUR/USD currency pair also shows a bearish tendency, which started after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency on the ascending trend. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair shows a correction on the ascending trend, which started after Tweezers and Engulfing Bearish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department