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Japanese Candlesticks Analysis 11.01.2016 (EUR/USD, USD/JPY)

Analysis for January 11th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Shooting Star pattern indicates a bearish pullback. Three Line Break chart shows a bullish tendency; Heiken Ashi candlesticks confirm a descending movement.



At the H4 chart of EUR USD, Shooting Star and Belt Hold 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”

At the H4 chart of USD JPY, bullish Doji pattern shows a correction within the downtrend. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending correction.



 
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