Article By RoboForex.com
Analysis for January 30th, 2014
EUR/USD
H4 chart of EUR/USD shows correction, which is indicated by Shooting Star pattern. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
H1 chart of EUR/USD also shows correction. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
USD/JPY
H4 chart of USD/JPY shows descending trend, which is indicated by Evening Star pattern. Lower Window is support level again. Three Line Break chart indicates current trend; Hammer pattern and Heiken Ashi candlesticks confirm bullish pullback.
H1 chart of USD/JPY shows sideways correction within descending trend. Doji pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm ascending 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.
