Japanese Candlesticks Analysis 14.02.2013 (EUR/USD, USD/JPY)
14.02.2013
Analysis for February 14th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Evening Star patter. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; bullish Tweezers and Harami patterns may become a support level.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which started after Doji pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Harami and Hammer patterns indicate the ascending trend.
The H1 chart of the USD/JPY currency pair shows a sideways tendency. Engulfing Bullish pattern, Three Line Break chart and Heiken Ashi candlesticks confirm an ascending 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.