Candlesticks analysis for EUR/USD and USD/JPY on 25.02.2016
25.02.2016
Candlestick analysis on 25 February 2016
EUR USD "Euro dollar"
On the 4-hour euro dollar chart there is a lateral correction, the bearish continuation pattern Three methods indicates the direction down, the Window nearest to the price resists. Bullish Hammer, 3-line break chart and candles Heiken Ashi confirm the upward direction.
On the hourly chart the euro dollar continues a lateral correction in the zone of the lower Window. The 3-line break chart shows the probability of a bullish direction, Shooting Star and Heiken Ashi candles confirm the bearish pullback.
USD JPY "Dollar yen"
On the 4-hour dollar yen chart the correction is under the resistance of the lower Window. Models of Hammer and Belt Hold indicate the upward direction. The 3-line break chart and Heiken Ashi Harami candles show a bullish indication.
EUR USD "Euro dollar"
On the 4-hour euro dollar chart there is a lateral correction, the bearish continuation pattern Three methods indicates the direction down, the Window nearest to the price resists. Bullish Hammer, 3-line break chart and candles Heiken Ashi confirm the upward direction.
On the hourly chart the euro dollar continues a lateral correction in the zone of the lower Window. The 3-line break chart shows the probability of a bullish direction, Shooting Star and Heiken Ashi candles confirm the bearish pullback.
USD JPY "Dollar yen"
On the 4-hour dollar yen chart the correction is under the resistance of the lower Window. Models of Hammer and Belt Hold indicate the upward direction. The 3-line break chart and Heiken Ashi Harami candles show a bullish indication.
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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.