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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 18.01.2013 (EUR/USD, USD/JPY)

Japanese Candlesticks Analysis 18.01.2013 (EUR/USD, USD/JPY)

18.01.2013
3

Analysis for January 18th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bullish tendency, which continued after 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 a bullish tendency on the ascending trend. Three Methods pattern, 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 bullish tendency on the ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the USD/JPY currency pair shows the start of a correction on the ascending trend, which is indicated by Long Legged Doji and Dark Cloud patterns. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm the correction.



 
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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.