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Forex analysis & forecasts

Japanese Candlesticks Analysis 31.01.2013 (EUR/USD, USD/JPY)

31.01.2013

Analysis for January 31st, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the EUR/USD currency pair shows a correction on the ascending trend. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm the correction.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend, which continued after Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



The H1 chart of the USD/JPY currency pair shows the end of a correction on the ascending trend. The closest Window is a support level. Three Line Break chart confirms an ascending movement; Heiken Ashi candlesticks indicates the 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.