Japanese Candlesticks Analysis 26.01.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways correction within the uptrend continues. Bearish Harami patterns indicate a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the descending correction continues.
At the H1 chart of EUR USD, Engulfing Bearish, Tweezers, Shooting Star, and Harami patterns indicate a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Tweezers and Harami patterns indicated an ascending movement. The downside Window provided support. Doji pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish direction.
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