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Monthly Japanese Candlesticks Analysis for January 2015 (EUR/USD, USD/JPY)

Analysis for January 2015

EUR USD, “Euro vs. US Dollar”

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.

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.

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