Japanese Candlesticks Analysis 25.04.2012 (EUR/USD, USD/JPY)
25.04.2012
Analysis for April 25th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish correction on the descending trend. Window, which is the closest to the price, is a resistance level. Hammer pattern indicates that the correction continues. Three Line Break and Heiken Ashi candlestick charts confirm a correction.
The H1 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Window, which is the closest to the price, is a resistance level. Shooting Star pattern indicates a bearish movement. Three Line Break and Heiken Ashi candlestick charts confirm an ascending trend.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the descending trend, which continued after Tweezers and Shooting Star patterns. Three Line Break chart confirms a descending movement, Heiken‑Ashi candlesticks indicate a correction.
The H1 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Dark Cloud pattern. 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.