Analysis for January 22nd, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend, which is indicated by Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of EUR USD shows a sideways correction within the downtrend. 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 a bearish movement, which is indicated by Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department