Article By RoboForex.com
Analysis for January 3rd, 2014
EUR/USD
H4 chart of EUR/USD shows descending movement, which is indicated by Shooting Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm bearish tendency.
H1 chart of EUR/USD shows bullish pullback, which is confirmed by Hammer pattern and Heiken Ashi candlesticks. Three Line Break chart indicates descending movement.
USD/JPY
H4 chart of USD/JPY shows descending correction, which is indicated by Tweezers and Evening Star patterns. New upper Window is closed by the price. Three Line Break chart and Heiken Ashi candlesticks confirm that correction continues.
H1 chart of USD/JPY shows resistance from closest Window, which was closed by the price after Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
