Analysis for January 2015
The weekly chart of EUR USD shows a bearish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm the descending tendency continues; bullish patterns of 2010 – 2012 may provide support.
EUR USD, “Euro vs. US Dollar”
The daily chart of EUR USD shows the downtrend, which continued after Engulfing Bearish pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”The daily chart of USD JPY shows a sideways correction within the uptrend. Three Line Break chart indicates the uptrend; Tower and Tweezers patterns along with Heiken Ashi candlesticks confirm that the correction continues.
RoboForex Analytical Department
You can view without authorization no more than two events per day and no more than 10 per month. To continue reading analysis, register or log in to your live account.