Analysis for January 22nd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the downside Window provides support. Three Line Break chart confirms a bearish tendency. Hammer pattern and Heiken Ashi candlesticks indicate a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a correction within the downtrend, which is indicated by Hammer pattern. The downside Window provides resistance. Bullish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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