Japanese Candlesticks Analysis 23.04.2012 (EUR/USD, USD/JPY)
23.04.2012
Analysis for April 23rd, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend. Window, which is the closest to the price, is a resistance level. Three Inside Down pattern indicates that the ascending trend has finished. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish correction on the ascending trend, which was started after Tweezers pattern. Window 2012.02.03 is a support level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency on the descending trend, which continued after Tweezers pattern. Three Line Break and Heiken‑Ashi candlestick charts indicate a descending movement.
The H1 chart of the USD/JPY currency pair shows a possible trend change after Tweezers pattern. Window 2012.02.24 is a support level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
Attention!
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.