Japanese Candlesticks Analysis 23.04.2014 (EUR/USD, USD/JPY)
23.04.2014
Analysis for April 23rd, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows support from middle Window is support level. Bearish candlesticks are dominating; price may form continuation pattern. Three Line Break chart confirms descending movement; Heiken Ashi candlesticks indicate possibility of bullish pullback.
H1 chart of EUR USD shows sideways correction between two Windows. Lower Window is support level. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm bearish movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows ascending movement, which is indicated by Three Methods continuation pattern. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate possibility of descending correction.
H1 chart of USD JPY shows sideways tendency within ascending trend, which started after Shooting Star and bearish Harami patterns. Three Line Break chart and Heiken Ashi candlesticks confirm that correction continues.
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