Analysis for January 9th, 2017
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tower pattern indicated a descending correction. The closest Window is a resistance level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, bullish Tweezers pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the descending movement.
RoboForex Analytical Department
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.