Article By RoboForex.com
Analysis for January 29th, 2014
EUR/USD
H4 chart of EUR/USD shows sideways correction, which is indicated by Shooting Star pattern. Upper Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR/USD also shows sideways correction. Closest Window is resistance level. Tower pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows correction within descending trend. Lower Window is support level. Bullish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that ascending correction continues.
H1 chart of USD/JPY shows bullish tendency, which started after Hammer pattern. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate bearish pullback.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
