Japanese Candlesticks Analysis 24,04.2013 (EUR/USD, USD/JPY)
24.04.2013
Analysis for April 24th, 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. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows a bearish tendency. Hammers pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate a correction; broken bullish patterns are a resistance level.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. The closest Window is a support level. A bullish Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate an ascending movement.
The H1 chart of the USD/JPY currency pair also shows a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Evening Star pattern and resistance of the Window indicate a correction.
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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.