Japanese Candlesticks Analysis 09.01.2013 (EUR/USD, USD/JPY)
09.01.2013
Analysis for January 9th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which started after Morning Star pattern and continued after Three Methods one. Deliberation and Doji patterns, as well as Three Line Break chart and Heiken Ashi candlesticks, confirm the correction.
The H1 chart of the EUR/USD currency pair shows a sideways tendency, which continued after Tweezers patterns. Three Line Break chart indicates a descending movement; the level of bullish patterns may support the price; Heiken Ashi candlesticks are oppositely directed.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend. Tweezers, Three Methods patterns, and Three Line Break chart indicate a bearish movement; Heiken Ashi candlesticks confirm a bullish mood for the next several hours.
The H1 chart of the USD/JPY currency pair shows a bullish tendency, which started after Morning Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement, but the level of Tweezers pattern is a resistance one.
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