Japanese Candlesticks Analysis 21.01.2013 (EUR/USD, USD/JPY)
21.01.2013
Analysis for January 21st, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which continued after Tweezers pattern. Three Line Break chart confirms an ascending movement; Heiken Ashi candlesticks indicate the correction.
The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend, which continued after Belt Hold pattern. Three Line Break chart indicates the correction; Heiken Ashi candlesticks confirm a possible pullback upwards.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Tower pattern. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm a bearish mood.
The H1 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Dark Cloud, Tweezers, and Engulfing Bearish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
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