Monthly Japanese Candlesticks Analysis for January 2016 (EUR/USD, USD/JPY)

30.12.2015

Monthly Analysis for January 2016

EUR USD, “Euro vs. US Dollar”

The weekly chart of EUR USD shows a sideways correction within the downtrend. The downside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the daily chart of EUR USD, Belt Hold pattern indicates a correction within the downtrend. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

The daily chart of USD JPY shows a bearish tendency. Thrusting Line continuation pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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