Japanese Candlesticks Analysis 06.01.2016 (EUR/USD, USD/JPY)
06.01.2016
Analysis for January 6th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Three Methods continuation pattern indicated that the bearish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a sideways correction close to the downside Window. Shooting Star and Evening Star patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bearish tendency continues. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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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.