Analysis for February 12th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency. The closest Window is a support level. Three Line Break chart indicates a bullish pullback; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the ascending trend, which continued after bullish Hammer and Tweezers patterns. Three Line Break chart confirms an ascending movement; Heiken Ashi candlesticks indicate a possible bearish pullback.
The H1 chart of the USD/JPY currency pair shows a bearish tendency, which started after Tower pattern. Three Line Break chart indicates the ascending trend; Heiken Ashi candlesticks confirm a correction.
RoboForex Analytical Department