Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 07.01.2016 (EUR/USD, USD/JPY)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Japanese Candlesticks Analysis 07.01.2016 (EUR/USD, USD/JPY)

07.01.2016

Analysis for January 7th, 2016

EUR USD, “Euro vs. US Dollar”

At the daily chart of EUR USD, Belt Hold pattern indicates that the correction within the downtrend continues. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.



At the H4 chart of EUR USD, bullish Tweezers and High Waves patterns show a bullish pullback towards bearish Three Methods continuation pattern. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm the bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. The downside Window provides support. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.