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Japanese Candlesticks Analysis 06.01.2016 (EUR/USD, USD/JPY)

Analysis for January 6th, 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.



The H1 chart of EUR USD shows a sideways correction close to the downside Window. Shooting Star and Evening Star patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the bearish tendency continues. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



 
RoboForex Analytical Department

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