Analysis for February 11th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Three Methods pattern indicates that the uptrend continues. The upside Window provided support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows the uptrend, which continued after bullish Harami pattern. Three Methods 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, the bearish tendency continues. Three Methods pattern indicated a descending movement. The price has broken the downside Window, which now provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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