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Japanese Candlesticks Analysis 12.01.2017 (EUR/USD, USD/JPY)

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

 


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