Japanese Candlesticks Analysis 29.04.2012 (EUR/USD, USD/JPY)
29.04.2012
Analysis for April 29th, 2012
EUR/USD
The daily chart of the EUR/USD currency pair shows a possible trend change, which is indicated by Tweezers pattern. Window, which is the closest to the price, is a resistance level. Three Line Break chart confirms a descending trend, Heiken Ashi candlesticks indicate an ascending correction.
The H4 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. Evening Star pattern indicates a bearish correction. Three Line Break and Heiken Ashi candlestick charts confirm an ascending trend.
USD/JPY
The daily chart of the USD/JPY currency pair shows a bearish correction on the ascending trend. Three Methods and Doji patterns indicate that the correction continues. Three Line Break and Heiken‑Ashi candlestick charts confirm a descending movement.
The H4 chart of the USD/JPY currency pair shows a bearish tendency on the descending trend. Three Methods 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.