Analysis for January 4th, 2017
At the daily chart of EUR USD, Shooting Star pattern indicates that the bearish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer pattern indicates a possible pullback upwards. Three Line Break chart shows a descending movement; Heiken Ashi candlesticks confirm a bullish direction.
At the H4 chart of USD JPY, bullish Three Methods pattern indicates that the uptrend continues. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
RoboForex Analytical Department
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