Analysis for January 15th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Tweezers and Hammer patterns indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a sideways correction. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the sideways correction within the downtrend continues below the downside Window. Three Line Break chart shows the correction; bearish Doji pattern and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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