Japanese Candlesticks Analysis 31.01.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Harami pattern indicates an ascending movement. The closest Window provided support. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the uptrend continues.
At the H1 chart of EUR USD, bearish Doji pattern indicates a descending movement. The upside Window is a resistance level. 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 new Window to the downside is still open. Bullish Hammer pattern indicates a pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
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