Analysis for February 10th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. High Wave and Harami patterns indicate a descending correction. The price has broken the upside Window, which now 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, which started after Shooting Star pattern. Three Line Break chart shows the uptrend; Heiken Ashi candlesticks confirm a bearish correction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Three Methods pattern indicates a descending movement. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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