Japanese Candlesticks Analysis 27.01.2015 (EUR/USD, USD/JPY)
27.01.2015
Analysis for January 27th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows an ascending correction, which is indicated by Hammer and High Wave patterns. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm a bullish movement.
The H1 chart of EUR USD also shows an ascending correction, which continued after Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction near the closest Window. 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.