Japanese Candlesticks Analysis 10.01.2017 (EUR/USD, USD/JPY)

10.01.2017

Analysis for January 10th, 2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Doji and Hammer patterns 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, bullish Tweezers pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending movement; Shooting Star pattern shows a possible bearish pullback.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bearish and Three Black Crows pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the descending movement; Harami pattern shows a possible bullish pullback.

 

RoboForex Analytical Department

 

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading recommendations described in these analytical reviews.