Analysis for January 12th, 2016
At the H4 chart of EUR USD, bullish Hammer pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a sideways correction. High Wave pattern near the support level indicates a bullish movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback towards the support level.
USD JPY, “US Dollar vs. Japanese Yen”The H4 chart of USD JPY shows a sideways correction within the downtrend. The downside Window provides resistance. Three Line Break chart and bullish Doji pattern confirm that the ascending correction continues; Heiken Ashi candlesticks show a bearish direction.
RoboForex Analytical Department
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