Japanese Candlesticks Analysis 26.02.2015 (EUR/USD, USD/JPY)

Analysis for February 26^th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the price has formed Shooting Star and triple Tweezers patterns near the Moving Average, which means that a descending movement may continue. Three Line Break chart and Heiken Ashi candlesticks indicate a short-term correction.



As we can see at the H1 chart of EUR USD, the price has formed Evening Star pattern. Later, the pair may fall towards the lower Window and even break it, which is confirmed by a descending movement indicated by Three Line Break chart.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, we can see that the price has formed Evening Star pattern near the closest Window and later may continue the current correction. If the market rebounds from the lower Window and forms bullish reversal patterns, the pair may resume growing. Three Line Break chart and Heiken Ashi candlesticks are moving in different directions.



As we can see at the H1 chart of USD JPY, the pair has formed Engulfing Bearish, Harami, and Tweezers patterns. Probably, in the nearest future the price may rebound from the lower Window. Three Line Break chart and Heiken Ashi candlesticks indicate a descending movement.



 
RoboForex Analytical Department