Article By RoboForex.com
Analysis for January 12th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H4 chart of EUR USD shows a sideways correction. High Wave pattern near the support level indicates a bullish movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback towards the support level.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction within the downtrend. The downside Window provides resistance. Three Line Break chart and bullish Doji pattern confirm that the ascending correction continues; Heiken Ashi candlesticks show a bearish direction.
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.
