Analysis for February 7th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement, which is indicated by
Tweezers pattern. Closest Window is support level. Three Line Break
chart confirms ascending movement; Heiken Ashi candlesticks indicate
bearish pullback.
H1 chart of EUR USD shows support from upper Window. Three Line Break chart Three Line Break chart confirms ascending movement; Shooting Star and Harami patterns along with Heiken Ashi candlesticks indicate bearish pullback.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows ascending correction within descending trend. Lower Window is broken; now it’s support level. Three Line Break chart and Heiken Ashi candlesticks indicate that correction continues.
H1 chart of USD JPY shows ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
RoboForex Analytical Department
Tag :
Forex Signals
