Japanese Candlesticks Analysis 15.02.2013 (EUR/USD, USD/JPY)
15.02.2013
Analysis for February 15th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows a bearish tendency, which is indicated by Doji pattern. The closest Window is broken, now it’s a resistance level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Tweezers pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency. Three Methods pattern, Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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.