Analysis for February 5th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. The upside Window provided resistance. Three Line Break chart indicates a bullish direction; High Wave pattern and Heiken Ashi candlesticks confirm a bearish pullback towards the Window in the middle.
The H1 chart of EUR USD shows the uptrend. Shooting Star pattern indicated a descending correction. Three Line Break chart confirms the uptrend; Heiken Ashi candlesticks show a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Shooting Star and Doji patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Hammer pattern indicates a bullish pullback.
RoboForex Analytical Department
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