Japanese Candlesticks Analysis 08.01.2015 (EUR/USD, USD/JPY)
08.01.2015
Analysis for January 8th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend continues. The new Window is still open, it’s a resistance level. Doji pattern indicates a bullish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the downtrend also continues. Engulfing Bullish pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, possibly the price is about to finish a correction within the uptrend. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
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