Article By RoboForex.com
Analysis for February 3rd, 2014
EUR/USD
H4 chart of EUR/USD shows bearish tendency, which continued after Three Methods pattern. Price has reached closest Window and formed Tweezers pattern below it, which indicates correction. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of EUR/USD shows sideways correction below closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement; Tweezers pattern indicates possible correction.
USD/JPY
H4 chart of USD/JPY shows bearish tendency. Small lower Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement towards Window.
H1 chart of USD/JPY shows descending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
