Article By RoboForex.com
Analysis for January 8th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend continues. The new Window is still open, it’s a resistance level. Doji pattern indicates a bullish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the downtrend also continues. Engulfing Bullish pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, possibly the [rice is about to finish a correction within the uptrend. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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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.
