Japanese Candlesticks Analysis 29.01.2013 (EUR/USD, USD/JPY)
29.01.2013
Analysis for January 29th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm the correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the start of a correction on the ascending trend, which started after Tweezers and Belt Hold patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a sideways correction on the ascending trend. Engulfing Bearish pattern, Three Line Break chart, Heiken Ashi candlesticks, and the resistance level of the closest Window indicate the correction.
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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.