Monthly Japanese Candlesticks Analysis for January 2016 (EUR/USD, USD/JPY)

December 30, 2015

Article By RoboForex.com

Monthly Analysis for January 2016

EUR USD, “Euro vs. US Dollar”

The weekly chart of EUR USD shows a sideways correction within the downtrend. The downside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

At the daily chart of EUR USD, Belt Hold pattern indicates a correction within the downtrend. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

The daily chart of USD JPY shows a bearish tendency. Thrusting Line continuation pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

RoboForex Analytical Department

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Article By RoboForex.com

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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.

9 years ago