Article By RoboForex.com
Analysis for February 4th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows correction at closest Window. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR USD shows sideways correction at closest Window. Tweezers pattern and Three Line Break chart confirm that correction continues; Heiken Ashi candlesticks indicate bearish pullback.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bearish tendency. Closest Window is broken; now it’s resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement; Tweezers pattern indicates ascending correction
H1 chart of USD JPY shows correction within descending trend. Three Line Break chart indicates current trend; Harami, Tweezers, and Hammer patterns, along with Heiken Ashi candlesticks confirm that correction continues.
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.
