Japanese Candlesticks Analysis 25.01.2013 (EUR/USD, USD/JPY)
25.01.2013
Analysis for January 25th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend, which continued after Tweezers pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair also shows the ascending trend. The upper Window was broken, now it’s a support level. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Advance Block and Max 8 patterns indicate a possible correction.
The H1 chart of the USD/JPY currency pair shows a bullish tendency, which continued after Tweezers patterns. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement; Max 13 pattern indicates a possible correction.
RoboForex Analytical Department
Attention!
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.