Article By RoboForex.com
Analysis for February 24th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bullish tendency within ascending trend. Upper Window is resistance level. Three Line Break chart indicates descending correction; Heiken Ashi candlesticks confirm ascending trend.
H1 chart of EUR USD also shows bullish tendency. Lower Window is support level, upper Window is resistance one. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows sideways correction. Closest Window is support level. Three Line Break chart indicates correction; Shooting Star pattern and Heiken Ashi candlesticks confirm descending movement.
H1 chart of USD JPY shows bearish tendency. Upper Window is resistance level. Hammer pattern indicates bullish pullback; 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.
