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Japanese Candlesticks Analysis 14.08.2012 (EUR/USD, USD/JPY)

14.08.2012

Analysis for August 14th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a sideways tendency. The closest Windows are support/resistance levels. Three Line Break and Heiken Ashi candlesticks charts indicate an ascending movement.



The H1 chart of the EUR/USD currency pair shows a sideways tendency. The closest Windows are support/resistance levels. Three Line Break and Heiken Ashi candlesticks charts confirm an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a sideways correction on the descending trend. The closest Windows are support/resistance levels. Harami bearish, Three Black Crows and Dark Cloud patterns indicate the current trend. New bullish patterns, Tweezers and Harami, as well as Three Line Break and Heiken Ashi candlesticks charts, indicate the correction.



The H1 chart of the USD/JPY currency pair shows a bullish tendency. The closest Window is a resistance level. Bullish Tweezers and Three Methods patterns, as well as Three Line Break and Heiken Ashi candlesticks charts, indicate that the sideways correction may continue up towards the Window.

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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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.