Analysis for January 18th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tweezers, High Wave, and Evening Star patterns indicate a bearish movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, Hammers pattern shows a bullish movement. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Belt Hold and Engulfing Bullish patterns indicate an ascending correction. Three Line Break chart shows the downtrend; Heiken Ashi candlesticks confirm the ascending correction.
RoboForex Analytical Department
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