Japanese Candlesticks Analysis 06.02.2013 (EUR/USD, USD/JPY)
06.02.2013
Analysis for February 6th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows a correction. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the ascending trend, but Deliberation pattern indicates a possible correction. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.
The H1 chart of the USD/JPY currency pair also shows the ascending trend. Shooting Star pattern indicates a possible correction in the nearest future, but Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement so far.
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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.