Japanese Candlesticks Analysis 12.01.2015 (EUR/USD, USD/JPY)
12.01.2015
Analysis for January 12th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend, which is indicated by Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.
The H1 chart of EUR USD shows a descending movement, which is indicated by Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the closest Window is a resistance level. Belt Hold pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
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