Japanese Candlesticks Analysis 07.01.2013 (EUR/USD, USD/JPY)
07.01.2013
Analysis for January 7th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which continued after the resistance of the closest Window. Three Line Break chart indicates a correction; Heiken Ashi candlesticks confirm a descending movement up to the support level of Window 2012.01.23.
The H1 chart of the EUR/USD currency pair also shows a bearish tendency, which continued after Tweezers pattern. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicate a correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the start of a correction on the ascending trend. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency, which started after Tweezers 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.