Analysis for January 28th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a sideways tendency. Bullish Three Methods patterns indicate an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.
The H1 chart of EUR USD shows a bullish tendency. Morning Star pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Hammer pattern indicates that the correction within the downtrend continues. The closest Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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