Japanese Candlesticks Analysis 04.01.2017 (EUR/USD, USD/JPY)
04.01.2017
Analysis for January 4th, 2017
EUR USD, “Euro vs. US Dollar”
At the daily chart of EUR USD, Shooting Star pattern indicates that the bearish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H4 chart of EUR USD, bullish Hammer pattern indicates a possible pullback upwards. Three Line Break chart shows a descending movement; Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Three Methods pattern indicates that the uptrend continues. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
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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. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.