Analysis for February 9th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, High Wave, Tweezers, and Doji patterns indicate a descending correction. The upside Window provides resistance; the one in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of EUR USD shows a sideways correction within the uptrend. Shooting Star pattern indicates that the correction continues. The closest Window provides support. Three Line Break chart shows the uptrend; Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency; Hammer pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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