Japanese Candlesticks Analysis 14.10.2013 (EUR/USD, USD/JPY)
14.10.2013
Analysis for October 14th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency. There is Tweezers pattern near the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a correction, which is indicated by Engulfing Bearish pattern. The lower Window is a support level. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm the correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a new correction. The lower Windows are support levels. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair show a sideways correctionaHa. There is a new lower Window. Three Line Break chart confirms the correction; Heiken Ashi candlesticks indicate a possible resistance of the upper Window.
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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.