Analysis for January 30th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend. The small lower Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
The H1 chart of EUR USD shows a sideways correction within the downtrend. Three Line Break chart indicates an ascending movement; bearish Doji pattern and Heiken Ashi candlesticks confirm a bearish pullback up to the Window.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a descending movement, which is indicated by Evening Star pattern. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
RoboForex Analytical Department