Analysis for January 12th, 2017
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bullish pattern indicated an ascending movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, bearish Shooting Star pattern indicates a descending correction. 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”
The H4 chart of USD JPY shows a bearish tendency. Shooting Star pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department