Japanese Candlesticks Analysis 03.10.2013 (EUR/USD, USD/JPY)
03.10.2013
Analysis for October 3rd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The upper Window is a support level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of the EUR/USD currency pair, the closest Window is a support level. Three Line Break chart confirms an ascending movement; Shooting Star pattern and Heiken Ashi candlesticks indicate a possible bearish pullback.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the lower Window is broken. Hammer and Tower patterns indicate a correction. Three Line Break chart indicates the descending trend; Heiken Ashi candlesticks confirm a possible correction.
The H1 chart of the USD/JPY currency pair show a bullish tendency the descending trend. Hammer and Morning Star patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
RoboForex Analytical Department
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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.