Japanese Candlesticks Analysis 30.01.2014 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for January 30th, 2014

EUR/USD

H4 chart of EUR/USD shows correction, which is indicated by Shooting Star pattern. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.

H1 chart of EUR/USD also shows correction. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.

USD/JPY

H4 chart of USD/JPY shows descending trend, which is indicated by Evening Star pattern. Lower Window is support level again. Three Line Break chart indicates current trend; Hammer pattern and Heiken Ashi candlesticks confirm bullish pullback.

H1 chart of USD/JPY shows sideways correction within descending trend. Doji pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm ascending movement.

RoboForex Analytical Department

Article By RoboForex.com

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