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Japanese Candlesticks Analysis 10.02.2017 (EUR/USD, USD/JPY)

Article By RoboForex.com

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bearish tendency continues. The upside Window provided resistance and Harami pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, the downtrend continues. High Wave and Three Methods patterns showed a descending movement. The downside Window may provide support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Hammer and Inverter Hammer patterns indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; High Wave patterns shows a bearish pullback.

 

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.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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