Japanese Candlesticks Analysis 19.01.2015 (EUR/USD, USD/JPY)
19.01.2015
Analysis for January 19th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows the downtrend. Three Methods pattern and Three Line Break chart indicate a descending movement; Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of EUR USD shows the downtrend. Three Line Break chart indicates a descending movement; bullish Harami pattern and Heiken Ashi candlesticks confirm an ascending correction.
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. Bearish Doji pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.