Japanese Candlesticks Analysis 20.01.2015 (EUR/USD, USD/JPY)
20.01.2015
Analysis for January 20th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a sideways correction within the downtrend. Bearish Three Methods patterns, Three Line Break chart, and Heiken Ashi candlesticks indicate a descending movement; Hammer pattern confirm a bullish pullback.
The H1 chart of EUR USD shows a correction within the downtrend. Bullish Three Methods pattern, Three Line Break chart, 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. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; the closest Window is a resistance level.
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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.