Analysis for January 13th, 2017
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish High Waves pattern indicated a descending correction. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, Engulfing Bearish and Three Black Crows patterns indicated a descending movement. The upside Window is a resistance level. Bullish Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bearish tendency continues. Engulfing Bullish and Tweezers patterns indicated an ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the correction continues.
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.