Japanese Candlesticks Analysis 23.01.2013 (EUR/USD, USD/JPY)
23.01.2013
Analysis for January 23rd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways tendency on the ascending trend. The closest Window is a support level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows the sideways trend. The closest Windows are support/resistance levels. Evening Doji Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend. Three Methods continuation 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 continued after Three Methods pattern. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks and Harami pattern indicate a possible bullish pullback.
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.