Monthly Japanese Candlesticks Analysis for January 2015 (EUR/USD, USD/JPY)
01.01.2015
Analysis for January 2015
EUR USD, “Euro vs. US Dollar”
The weekly chart of EUR USD shows a bearish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm the descending tendency continues; bullish patterns of 2010 – 2012 may provide support.
The daily chart of EUR USD shows the downtrend, which continued after Engulfing Bearish pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
The daily chart of USD JPY shows a sideways correction within the uptrend. Three Line Break chart indicates the uptrend; Tower and Tweezers patterns along with Heiken Ashi candlesticks confirm that the correction continues.
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.