Monthly Analysis for January 2016
EUR USD, “Euro vs. US Dollar”
The weekly chart of EUR USD shows a sideways correction within the downtrend. The downside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the daily chart of EUR USD, Belt Hold pattern indicates a correction within the downtrend. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The daily chart of USD JPY shows a bearish tendency. Thrusting Line continuation pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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