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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016
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Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

29.02.2016
Candlestick analysis on 29 February 2016

EUR USD "Euro dollar"


Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

On the 4-hour euro dollar chart there is a bearish indication, the middle Window showed resistance. The 3-line break chart points down, the Heiken Ashi candles the bullish indication indicates a bullish pullback.


Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

On the hourly chart, the Eurodollar correction ended with Engulfing bearish. The 3-line break chart and Heiken Ashi candles confirm the downward trend.


USD JPY "Dollar yen"

Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

On the 4-hour dollar yen chart the lateral correction continues, the Hanging man model indicates the direction down. The 3-line break chart and Heiken Ashi candles have a bearish indication, the lower Window shows support.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.