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Japanese Candlesticks Analysis 08.01.2016 (EUR/USD, USD/JPY)

Analysis for January 8th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern indicates a possible bearish pullback. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.



At the H4 chart of EUR USD, Tower and Tweezers patterns show a bearish movement. Three Line Break chart indicates a bullish direction; Heiken Ashi candlesticks confirm a descending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a correction within the downtrend. Three Line Break chart shows a bearish direction; bullish Tower pattern and Heiken Ashi candlesticks confirm an ascending movement.



 
RoboForex Analytical Department

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