Japanese Candlesticks Analysis 13.01.2014 (EUR/USD, USD/JPY)
13.01.2014
Analysis for January 13th, 2014
EUR/USD
H4 chart of EUR/USD shows bullish tendency, which started after Harami and Tweezers patterns. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that bullish tendency continues.
H1 chart of EUR/USD shows also shows bullish tendency, which continued after Morning Star and Tweezers patterns. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows bearish tendency, which is indicated by Tower pattern. Closest Window is broken; now it’s resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of USD/JPY shows descending trend. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department
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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.