Japanese Candlesticks Analysis 02.04.2013 (EUR/USD, USD/JPY)
02.04.2013
Analysis for April 2nd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend, which is indicated by Tower pattern. The closest Window is 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, which continued after a bullish Tower pattern. Three Line Break chart and Three Methods pattern confirm an ascending movement; Heiken Ashi candlesticks indicate a bearish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair also shows a bearish tendency, which continued after Three Methods patterns. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks indicate a descending movement.
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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.