Japanese Candlesticks Analysis 22.01.2015 (EUR/USD, USD/JPY)
22.01.2015
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.
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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.