Analysis for January 19th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tweezers, High Wave, and Evening Star patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, Engulfing Bullish pattern shows an ascending movement. 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 correction within the downtrend continues. Bullish Belt Hold and Engulfing Bullish patterns indicated an ascending movement. Three Line Break chart shows the downtrend; Heiken Ashi candlesticks confirm a bullish correction.
RoboForex Analytical Department
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