Japanese Candlesticks Analysis 11.02.2013 (EUR/USD, USD/JPY)
11.02.2013
Analysis for February 11th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency. The closest Window is a support level. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of the EUR/USD currency pair shows a correction, which started after a bullish Tweezers and Inverted Hammer patterns. 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 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 shows a bearish tendency. Hammer and Engulfing Bullish pattern, as well as Three Line Break chart and Heiken Ashi candlesticks, confirm a bullish pullback.
RoboForex Analytical Department
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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.