Japanese Candlesticks Analysis 16.01.2015 (EUR/USD, USD/JPY)
16.01.2015
Analysis for January 16th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend, which is indicated by Three Methods pattern, continues. 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 bearish Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending correction, which is indicated by Morning Star Doji pattern. Three Line Break chart indicates a descending tendency; Heiken Ashi candlesticks confirm a bullish pullback.
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