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.
RoboForex Analytical Department