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Japanese Candlesticks Analysis 04.10.2012 (EUR/USD, USD/JPY)

04.10.2012

Analysis for October 4th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Hammer pattern. Three Line Break chart, Heiken Ashi candlesticks, and Three Methods continuation pattern confirm an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency, which is indicated by Engulfing Bullish pattern. The closest Window is a resistance level. Three Line Break chart, Heiken Ashi candlesticks, and Three Methods continuation pattern confirm the tendency.



The H1 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending 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.