Analysis for January 25th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Harami and Belt Hold patterns indicate an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, the downside Window provides support. Three Line Break chart confirms a bearish tendency. Tweezers 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. Bullish Three Methods patterns and Three Line Break chart indicate that the ascending correction continues; Tower pattern and Heiken Ashi candlesticks confirm a bearish pullback.
RoboForex Analytical Department
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