Japanese Candlesticks Analysis 23.04.2013 (EUR/USD, USD/JPY)
23.04.2013
Analysis for April 23rd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which started after Tower pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. The candlesticks are between the support and resistance levels of bullish and bearish patterns. 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 descending trend, which started after a bearish Tweezers pattern. The closest Window is a support level. Three Line Break chart indicates the trend; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency. The price closed a new Window after forming Tweezers pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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.