Analysis for January 7th, 2016
At the daily chart of EUR USD, Belt Hold pattern indicates that the correction within the downtrend continues. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Tweezers and High Waves patterns show a bullish pullback towards bearish Three Methods continuation pattern. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm the bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”The H4 chart of USD JPY shows a bearish tendency. The downside Window provides support. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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