Article By RoboForex.com
Analysis for January 24th, 2014
EUR/USD
H4 chart of EUR/USD shows support from lower Window. Hammers and Belt Hold patterns, along with Three Line Break chart and Heiken Ashi candlesticks, confirm ascending movement.
H1 chart of EUR/USD shows resistance from upper Windows. Three Line Break chart confirms ascending movement; Shooting Star pattern and Heiken Ashi candlesticks indicate possibility of new correction.
USD/JPY
H4 chart of USD/JPY shows descending movement, which is indicated by Shooting Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm bearish mood.
H1 chart of USD/JPY shows resistance from closest Window. Three Methods 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.
