Japanese Candlesticks Analysis 30.01.2013 (EUR/USD, USD/JPY)
30.01.2013
Analysis for January 30th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows the ascending trend, which continued after a bullish Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which started after Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of the USD/JPY currency pair shows a sideways correction on the ascending trend. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks 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.