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Japanese Candlesticks Analysis 17.01.2013 (EUR/USD, USD/JPY)

17.01.2013

Analysis for January 17th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the EUR/USD currency pair also shows the end of a correction, which is indicated by Tweezers and Tower patterns near the support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Morning Star pattern. Three Line Break chart indicates a bearish tendency; Hammer pattern and Heiken Ashi candlesticks confirm a bullish mood.



The H1 chart of the USD/JPY currency pair shows a bullish tendency, which is indicated by Hammer and Morning Star patterns. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
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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.