Japanese Candlesticks Analysis 26.04.2012 (EUR/USD, USD/JPY)
26.04.2012
Analysis for April 26th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a trend change. Window, which is the closest to the price, is a resistance level. Three Methods pattern indicates a bullish movement. Three Line Break and Heiken Ashi candlestick charts confirm an ascending trend.
The H1 chart of the EUR/USD currency pair shows a sideways correction on the ascending trend. Window, which is the closest to the price, is a resistance level. Window 2012.02.17 is a support level. Three Line Break and Heiken Ashi candlestick charts confirm an ascending trend.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the end of a correction on the descending trend. Shooting Star and Dark Cloud patterns indicate a bearish movement. Three Line Break and Heiken‑Ashi candlestick charts confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows the end of a sideways correction. Hanging Man pattern indicates a bearish movement. 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.