Japanese Candlesticks Analysis 07.11.2013 (EUR/USD, USD/JPY)
07.11.2013
Analysis for November 7th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows correction indicated by Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
The H1 chart of the EUR/USD currency pair shows sideways correction within descending trend. Three Line Break chart and Heiken Ashi candlesticks confirm that correction continues; upper Window is a resistance level.
USD/JPY
The H4 chart of the USD/JPY currency pair shows bullish tendency. The closest Window is a support level. Three Methods pattern and Three Line Break chart confirm ascending movement; Heiken Ashi candlesticks show possible support from the Window.
The H1 chart of the USD/JPY currency pair shows sideways correction within ascending trend. Lower level of Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending 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.