Japanese Candlesticks Analysis 13.02.2013 (EUR/USD, USD/JPY)
13.02.2013
Analysis for February 13th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows the end of a correction on the ascending trend after bullish Tweezers and Harami patterns. Three Methods continuation pattern, Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a support level. Mat Hold continuation 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 the ascending trend. Three Line Break chart confirms an ascending movement; bullish Tweezers pattern and Heiken Ashi candlesticks indicate a correction.
The H1 chart of the USD/JPY currency pair shows a bearish tendency, which continued after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a correction.
RoboForex Analytical Department
Attention!
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.