Japanese Candlesticks Analysis 25,04.2013 (EUR/USD, USD/JPY)
25.04.2013
Analysis for April 25th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which started after Tower pattern. The upper level of the closest Window is a resistance level. Shooting Star pattern and Three Line Break chart confirm a descending movement; Hammer pattern and Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the EUR/USD currency pair also shows a correction, which started after Hammer pattern. Three Line Break chart, Heiken Ashi candlesticks, and resistance level of the Window indicate a bearish mood.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways correction. The closest Window is a resistance level. Three Line Break chart indicates the correction; Heiken Ashi candlesticks confirm a descending movement; the price may form a bearish Tweezers candlestick pattern.
The H1 chart of the USD/JPY currency pair also shows a correction. The closest Window is a resistance level. Evening Doji Star 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.