Japanese Candlesticks Analysis 16.04.2013 (EUR/USD, USD/JPY)
16.04.2013
Analysis for April 16th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which started after Tweezers pattern. The closest Window is a support level. Three Line Break chart indicates the correction; Morning Star pattern and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. The upper levels of the closest Window and reversal patterns are a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the end of a correction on the ascending trend, which is indicated by High Wave and Morning Star patterns. The closest Window is a resistance level. Three Line Break chart indicates the correction; and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows the start of a correction, which is indicated by Hammer pattern. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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