Japanese Candlesticks Analysis 24.01.2013 (EUR/USD, USD/JPY)
24.01.2013
Analysis for January 24th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction 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 and Three Methods patterns, 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 bullish tendency on the ascending trend. Three Line Break chart indicates a correction; Morning Doji Star pattern and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bullish tendency, which started after Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending 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.