Japanese Candlesticks Analysis 26,04.2013 (EUR/USD, USD/JPY)
26.04.2013
Analysis for April 26th, 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 patterns 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. Hammer pattern and Three Line Break chart indicate an ascending movement; Heiken Ashi candlesticks and resistance level of the Window confirm a bearish mood.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways correction, which continued after a bearish Tweezers pattern. The closest Window is a support level. Three Line Break chart indicate an ascending movement; Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair also shows a correction. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; Hammer and Harami patterns indicate a possible support of the Window.
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