Japanese Candlesticks Analysis 08.01.2014 (EUR/USD, USD/JPY)
08.01.2014
Analysis for January 8th, 2014
EUR/USD
H4 chart of EUR/USD shows bearish tendency. Tower pattern and Three Line Break chart indicate bullish pullback; Heiken Ashi candlesticks confirm descending movement towards support from closest Window.
H1 chart of EUR/USD shows end of correction within descending trend, which is indicated by Shooting Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
USD/JPY
H4 chart of USD/JPY shows end of correction, which is indicated by Harami pattern near support level; bullish trend continues. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of USD/JPY shows bullish tendency, which continues after Harami pattern near support level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending 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.