Japanese Candlesticks Analysis 27.01.2016 (EUR/USD, USD/JPY)
27.01.2016
Analysis for January 27th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a sideways tendency. Three Methods patterns indicate an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.
At the H1 chart of EUR USD, Tower and Three Methods patterns indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a correction within the downtrend. Hammer pattern indicates a bullish pullback and that the correction continues. Tower and Three Methods patterns, along with Three Line Break chart and Heiken Ashi candlesticks, confirm a descending movement.
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