Japanese Candlesticks Analysis 09.10.2013 (EUR/USD, USD/JPY)
09.10.2013
Analysis for October 9th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Three Black Crows pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the EUR/USD currency pair shows also a descending correction, which continued after Tweezers and Evening Star patterns. There is a possibility that the closest Window may become a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction, which continued after Morning Star and Hammer patterns. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also show a bullish tendency, which is indicated by HaaHammer pattern. The closest Window is a resistance level. Three Line Break chart confirms an ascending correction; Heiken Ashi candlesticks. Indicate a possible bearish pullback.
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