Analysis for February 12th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, High Waves pattern indicated the correction within the uptrend. The upside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a descending correction, which started after Engulfing Bearish pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction below resistance from the closest Window, which started after bullish Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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