Article By RoboForex.com
Analysis for February 6th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows correction at closest Window. Tweezers pattern and Three Line Break chart confirm ascending movement; Heiken Ashi candlesticks indicate bearish pullback.
H1 chart of EUR USD shows support from closest Window. Tower pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate bearish pullback.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows descending trend. Closest Window is resistance level. Evening Star pattern and Three Line Break chart confirm descending movement; Tweezers pattern and Heiken Ashi candlesticks indicate that correction may continue.
H1 chart of USD JPY shows sideways correction within descending trend. Engulfing Bearish and Tweezers patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm descending movement; Hammer and bullish Tweezers patterns indicate ascending correction.
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.
