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Japanese Candlesticks Analysis 05.01.2016 (EUR/USD, USD/JPY)

Analysis for January 5th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods continuation pattern indicated that the bearish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



At the H1 chart of EUR USD, Tweezers pattern shows a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
RoboForex Analytical Department

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