Japanese Candlesticks Analysis 28.02.2013 (EUR/USD, USD/JPY)

28.02.2013

Analysis for February 28th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows the end of the correction on the descending trend. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the EUR/USD currency pair shows a sideways correction on the descending trend. Three Line Break chart indicates the direction of the correction; Tweezers pattern and Heiken Ashi candlesticks confirm that the correction is over.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bearish tendency. High Wave pattern, Three Line Break chart and Heiken Ashi candlesticks indicate the correction.



The H1 chart of the USD/JPY currency pair also shows a correction on the descending trend, which continued after Engulfing Bullish and Hammer patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



 
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