Analysis for February 15th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows the uptrend. High Waves and Three Methods patterns indicated a descending correction. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a descending correction within the uptrend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that the correction is becoming deeper.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Harami and Tweezers patterns indicated an ascending correction. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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