Japanese Candlesticks Analysis 22.10.2013 (EUR/USD, USD/JPY)
22.10.2013
Analysis for October 22nd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Harami pattern. Three Line Break chart indicates a bullish tendency; Heiken Ashi candlesticks confirm a possible correction.
The H1 chart of the EUR/USD currency pair shows a sideways tendency on the ascending trend. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the lower Windows are support levels. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish tendency; the closest level may become a resistance level.
The H1 chart of the USD/JPY currency pair show an ascending movement, which is indicated by Morning Star pattern. Three Line Break chart confirms a bullish tendency; Heiken Ashi candlesticks confirm a descending movement.
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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.