Analysis for January 26th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways tendency continues. Bullish Harami and Belt Hold patterns indicated 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, Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows the downtrend. Tower and Three Methods patterns indicate a descending movement and that the ascending correction may completed. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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