Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 25.02.2013 (EUR/USD, USD/JPY)

Japanese Candlesticks Analysis 25.02.2013 (EUR/USD, USD/JPY)

25.02.2013

Analysis for February 25th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bearish tendency. The previous Window is broken, now it’s a resistance level. Three Line Break chart, Hammers pattern, and Heiken Ashi candlesticks indicate a possible bullish pullback.



The H1 chart of the EUR/USD currency pair shows a correction one the descending trend, which started after Hammer and Tower 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 bullish tendency on the ascending trend, which continued after Tweezers pattern. Bearish patterns are broken; a new Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirms an ascending movement.



The H1 chart of the USD/JPY currency pair also shows a bullish tendency, which continued after Three Methods pattern. The closest Windows are support levels. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
RoboForex Analytical Department

RSS 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.