Japanese Candlesticks Analysis 16.01.2017 (EUR/USD, USD/JPY)

16.01.2017

Analysis for January 16th, 2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish High Waves pattern indicated the correction. The closest Window provided resistance. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.

At the H1 chart of EUR USD, a new Window provided resistance. Candlesticks are bearish; there are no reversal patterns. 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, the bearish tendency continues. There are no bullish patterns. Three Line Break chart and Heiken Ashi candlesticks show a descending movement.

 

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