Analysis for February 3rd, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a sideways tendency. Engulfing Bearish pattern indicates a bearish pullback. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, Hanging Man pattern indicated a sideways correction. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Shooting Star pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bullish Doji pattern indicates a bullish pullback.
RoboForex Analytical Department
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