Japanese Candlesticks Analysis 13.01.2015 (EUR/USD, USD/JPY)
13.01.2015
Analysis for January 13th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a sideways correction within the downtrend, which is indicated by Hammer pattern. Evening Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a descending movement, which is indicated by Tweezers pattern and Doji candlestick. 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. Tweezers pattern near the Window indicates a bearish movement. Three Line Break chart shows a descending movement; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm a bullish pullback.
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