Japanese Candlesticks Analysis 18.10.2013 (EUR/USD, USD/JPY)
18.10.2013
Analysis for October 18th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which started after Tweezers pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair also shows a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency, which started after Tweezers pattern. The closest Window is a support level. Three Line Break chart indicates an ascending correction; Heiken Ashi candlesticks confirm the bearish tendency.
The H1 chart of the USD/JPY currency pair show a bearish tendency. The lower border of the aHaWindow may become a support level. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm a descending correction towards the lower Window.
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.