Japanese Candlesticks Analysis 12.11.2013 (EUR/USD, USD/JPY)
12.11.2013
Analysis for November 12th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows sideways tendency. Lower Window is support level. Three Line Break chart confirms descending movement; Hammer and Harami patterns, along with Heiken Ashi candlesticks indicate bullish pullback.
The H1 chart of the EUR/USD currency pair shows sideways correction within descending trend. Three Line Break chart confirms descending movement; Harami pattern and Heiken Ashi candlesticks indicate that ascending correction continues.
USD/JPY
The H4 chart of the USD/JPY currency pair shows bullish tendency. Three Line Break chart confirms descending movement; Tower pattern and Heiken Ashi candlesticks indicate that bullish tendency continues.
The H1 chart of the USD/JPY currency pair shows sideways tendency. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate possibility of resistance from upper level of closest 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.