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Japanese Candlesticks Analysis 27.08.2012 (EUR/USD, USD/JPY)

27.08.2012

Analysis for August 27th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Windows are support/resistance levels. Tower pattern and Three Line Break chart indicate the correction, Heiken Ashi candlesticks confirm the current tendency.



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



USD/JPY

The H4 chart of the USD/JPY currency pair shows a sideways tendency. The closest Window is a resistance level. Doji pattern and Three Line Break chart indicate the correction, Heiken Ashi candlesticks confirm a descending movement.



The H1 chart of the USD/JPY currency pair shows the correction on the descending trend, which is indicated by Engulfing Bearish pattern. The closest Window is a resistance level. Doji pattern, Three Line Break chart and Heiken Ashi candlesticks confirm 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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.