Japanese Candlesticks Analysis 26.01.2015 (EUR/USD, USD/JPY)
26.01.2015
Analysis for January 26th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows an ascending correction, which is indicated by Hammer and High Wave patterns. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm a bullish movement.
The H1 chart of EUR USD shows an ascending correction, which is indicated by Hammer pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction near the closest Window. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm that the correction continues.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.