Japanese Candlesticks Analysis 08.04.2013 (EUR/USD, USD/JPY)

08.04.2013

Analysis for April 8th, 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 correction on the new ascending trend, which is indicated by Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency, which started after Tower and Tweezers patterns. A new Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



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. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
RoboForex Analytical Department

Attention!

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.