Japanese Candlesticks Analysis 22.01.2013 (EUR/USD, USD/JPY)
22.01.2013
Analysis for January 22nd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend, which continued after Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair also shows a bullish tendency on the ascending trend, which continued after Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the current tendency.
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 the current trend; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a trend change from bullish to bearish after Tweezers and Engulfing Bearish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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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.