Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 04.01.2013 (EUR/USD, USD/JPY)

Japanese Candlesticks Analysis 04.01.2013 (EUR/USD, USD/JPY)

04.01.2013

Analysis for January 4th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bearish tendency, which started after Tweezers and Hanging Man patterns. The closest Windows are support/resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement up to the support level of Window 2012.01.23.



The H1 chart of the EUR/USD currency pair also shows a bearish tendency, which continued after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows the ascending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the USD/JPY currency pair shows a bullish tendency, which continued after Three Methods patter. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
RoboForex Analytical Department

RSS 

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.

Share:
ROBOFOREX LP is a member of the Financial Services Complaints Ltd.,
and is registered as a financial services provider in the Financial Service Provider
Register New Zealand with registration number FSP246525.