Japanese Candlesticks Analysis 23.02.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer reversal pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks shows a bullish direction to confirm that the ascending correction continues.
At the H1 chart of EUR USD, Engulfing Bullish and Hammer patterns indicated an ascending movement. The closest Window is a support level. 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, bearish Harami pattern indicates a bearish pullback. Belt Hold pattern, Three Line Break, and Heiken Ashi candlesticks confirm a bullish direction.
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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.