Japanese Candlesticks Analysis 09.01.2015 (EUR/USD, USD/JPY)
09.01.2015
Analysis for January 9th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend continues. Hammer pattern indicates the possibility of a new correction. Three Line Break chart confirms the downtrend; Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of EUR USD shows a bullish correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the closest Window is a resistance level. Morning Star pattern indicates that the price has completed a bearish correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback from the resistance area.
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