Japanese Candlesticks Analysis 21.01.2015 (EUR/USD, USD/JPY)
21.01.2015
Analysis for January 21st, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, a sideways correction within the downtrend, which is indicated by Hammer pattern, continues. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of EUR USD shows a correction within the downtrend, which is indicated by bullish Harami pattern. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm an ascending correction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish movement, which is indicated by Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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