Japanese Candlesticks Analysis 13.01.2014 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for January 13th, 2014

EUR/USD

H4 chart of EUR/USD shows bullish tendency, which started after Harami and Tweezers patterns. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that bullish tendency continues.

H1 chart of EUR/USD shows also shows bullish tendency, which continued after Morning Star and Tweezers patterns. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.

USD/JPY

H4 chart of USD/JPY shows bearish tendency, which is indicated by Tower pattern. Closest Window is broken; now it’s resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.

H1 chart of USD/JPY shows descending trend. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.

RoboForex Analytical Department

Article By RoboForex.com

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