Japanese Candlesticks Analysis 12.02.2013 (EUR/USD, USD/JPY)
12.02.2013
Analysis for February 12th, 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 bullish pullback; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the ascending trend, which continued after bullish Hammer and Tweezers patterns. Three Line Break chart confirms an ascending movement; Heiken Ashi candlesticks indicate a possible bearish pullback.
The H1 chart of the USD/JPY currency pair shows a bearish tendency, which started after Tower pattern. Three Line Break chart indicates the ascending trend; Heiken Ashi candlesticks confirm a correction.
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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.