Japanese Candlesticks Analysis 10.01.2014 (EUR/USD, USD/JPY)
10.01.2014
Analysis for January 10th, 2014
EUR/USD
H4 chart of EUR/USD shows bearish tendency, which is confirmed by Three Methods pattern and Three Line Break chart. Heiken Ashi candlesticks indicate bullish pullback.
H1 chart of EUR/USD shows correction within descending trend, which is indicated by Morning Doji Star and Tweezers patterns. Three Line Break chart confirms that correction continues; Heiken Ashi candlesticks indicate bearish pullback.
USD/JPY
H4 chart of USD/JPY shows end of correction, which is indicated by bullish 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 started after Hanging Man pattern. Closest Window is support level. Three Line Break chart indicates that correction continues; Hammer pattern 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.