Japanese Candlesticks Analysis 08.02.2013 (EUR/USD, USD/JPY)
08.02.2013
Analysis for February 8th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which may continue after support of the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows the descending trend, which started after a bearish Tweezers pattern. Three Line Break chart confirms a descending movement; Inverted Hammer pattern and Heiken Ashi candlesticks indicate a bullish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the start of a correction, which is indicated by Deliberation and Engulfing Bearish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair also shows a correction, which continued after a bearish Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.