Analysis for January 14th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, a sideways correction within the downtrend continues. 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 Harami pattern. Three Line Break chart indicates an ascending correction; Heiken Ashi candlesticks confirm the downtrend.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department