Japanese Candlesticks Analysis 211.10.2013 (EUR/USD, USD/JPY)
21.10.2013
Analysis for October 21st, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Tweezers pattern. The closest Window is a support level. Three Line Break chart indicates an ascending movement; Harami pattern and Heiken Ashi candlesticks confirm a bearish pullback.
The H1 chart of the EUR/USD currency pair shows a sideways correction. Shooting Star and Tower patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the lower Windows are support levels. Three Line Break chart indicates a descending correction; Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of the USD/JPY currency pair show an ascending correction, which is indicated by Morning Star pattern. Three Line Break chart indicates a descending tendency; Heiken Ashi candlesticks confirm the correction.
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.