Japanese Candlesticks Analysis 20.01.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer pattern indicates an ascending movement. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, bullish Three Methods continuation patterns indicate an ascending movement. The upside Window, which provided resistance, is broken. 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, Engulfing Bearish pattern indicates a descending movement. The downside Window provided support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
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.