Analysis for April 8th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend, which started after a bullish Belt Hold pattern. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a correction on the new ascending trend, which is indicated by Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency, which started after Tower and Tweezers patterns. A new Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also shows a bullish tendency, which started after Tweezers and Three White Soldiers patterns. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department