Analysis for January 4th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which started after Tweezers and Hanging Man patterns. The closest Windows are support/resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement up to the support level of Window 2012.01.23.
The H1 chart of the EUR/USD currency pair also shows a bearish tendency, which continued after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the ascending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bullish tendency, which continued after Three Methods patter. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department