Article By RoboForex.com
Analysis for February 19th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bullish tendency. Harami pattern near upper Window indicates possibility of bearish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm that bullish tendency continues.
H1 chart of EUR USD shows sideways correction within ascending trend. Upper Window is resistance level. Evening Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows correction within descending trend. Lower Window is support level. Doji pattern and Three Line Break chart confirm ascending movement; Heiken Ashi candlesticks indicate bearish pullback.
H1 chart of USD JPY shows bearish tendency within sideways 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.
