Japanese Candlesticks Analysis 23.01.2017 (EUR/USD, USD/JPY)

23.01.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. Bearish Hanging Man pattern indicates a possible descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

At the H1 chart of EUR USD, bearish Harami pattern indicated a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the correction continues.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bearish pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. In case the price forms Engulfing Bullish pattern, it may start a pullback to the upside.

 

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