Japanese Candlesticks Analysis 18.01.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish pattern indicates a descending correction. The closest Window is a support level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, bearish Harami and Three Methods patterns indicate a descending movement. The closest Window may provide support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bullish pattern indicates an ascending movement. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending correction.
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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.