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Japanese Candlesticks Analysis 10.10.2013 (EUR/USD, USD/JPY)

10.10.2013

Analysis for October 10th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. Tweezers pattern indicates the support of the closest Window and a bullish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the EUR/USD currency pair shows also a bullish movement, which is indicated by Hammer and Harami patterns. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows an ascending correction, which continued after Three Methods pattern. The upper Windows are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the USD/JPY currency pair show a bullish tendencyaHa. The closest Window may become 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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.