Analysis for January 29th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways tendency continues. Three Line Break chart shows a bullish direction; Tower and Shooting Star patterns along with Heiken Ashi candlesticks confirm a bearish pullback.
At the H1 chart of EUR USD, bearish Harami pattern indicated a descending movement. Bullish Tweezers pattern indicates a possible bullish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Hammer pattern indicates that the bullish tendency continues. The downside Window provided support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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