Japanese Candlesticks Analysis 27.02.2013 (EUR/USD, USD/JPY)
27.02.2013
Analysis for February 27th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways tendency on the descending trend. The previous Window is broken, now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair also shows a correction on the descending trend. Hammer pattern, Three Line Break chart and Heiken Ashi candlesticks confirms an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency. Bullish patterns are broken. Three Line Break chart and Heiken Ashi candlesticks confirms a descending movement.
The H1 chart of the USD/JPY currency pair also shows a correction on the descending trend, which continued after Engulfing Bullish pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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