Japanese Candlesticks Analysis 13.10.2014 (EUR/USD, USD/JPY)
13.10.2014
Analysis for October 13th, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, a correction within the downtrend continues. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement; Hammer candlestick indicates a possibility of a pullback upwards.
The H1 chart of EUR USD shows an ascending movement, which is indicated by Doji Morning Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish pullback; bearish Three Methods pattern indicates a possible target where the price may complete this correction.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
RoboForex Analytical Department
Attention!
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.