Japanese Candlesticks Analysis 05.04.2013 (EUR/USD, USD/JPY)
05.04.2013
Analysis for April 5th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend, which started after a bullish Belt Hold 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 shows a bearish correction on the new ascending trend, which started after Doji pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency, which started after Tower and Tweezers patterns. The closest Window is broken; now it’s a support level. Three Line Break chart confirms an ascending movement; Engulfing Bearish pattern and Heiken Ashi candlesticks indicate a correction up to the Window.
The H1 chart of the USD/JPY currency pair also shows a bullish tendency, which started after Tweezers and Three White Soldiers patterns. The closest Window is a support level. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate a descending movement.
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