Analysis for February 25th, 2013
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.
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