Japanese Candlesticks Analysis 09.01.2014 (EUR/USD, USD/JPY)
09.01.2014
Analysis for January 9th, 2014
EUR/USD
H4 chart of EUR/USD shows bearish tendency. Three Line Break chart confirms descending movement; Heiken Ashi candlesticks indicate bullish pullback towards resistance level.
H1 chart of EUR/USD shows correction within descending trend, which is indicated by Morning Doji Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm that ascending correction continues.
USD/JPY
H4 chart of USD/JPY shows end of correction, which is indicated by Harami pattern. Closest Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of USD/JPY shows sideways correction, which is indicated by Hanging Man pattern. Closest Window is support level. Three Line Break chart indicates that correction continues; 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.