Japanese Candlesticks Analysis 20.02.2017 (EUR/USD, USD/JPY)

20.02.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Doji and Tower patterns indicated a descending movement. Three Line Break chart shows a bearish direction; Doji pattern and Heiken Ashi candlesticks confirm a bullish pullback. 

At the H1 chart of EUR USD, bullish Tweezers pattern indicated an ascending correction. The Window in the middle is a resistance level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downside Window is a support level. Three Methods continuation pattern indicates a descending movement. Three Line Break chart shows a bearish direction; bullish Inverted Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.

 

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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.