Analysis for January 14th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Three Methods continuation pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. There may be a bearish pullback from the resistance area.
The H1 chart of EUR USD shows a bullish tendency. Three Methods pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the sideways correction within the downtrend continues. The downside Window provides resistance. Hammers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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