Analysis for January 18th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which continued after Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair also shows a bullish tendency on the ascending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows the start of a correction on the ascending trend, which is indicated by Long Legged Doji and Dark Cloud patterns. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm the correction.
RoboForex Analytical Department