Japanese Candlesticks Analysis 29,04.2013 (EUR/USD, USD/JPY)
29.04.2013
Analysis for April 29th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways tendency. The upper level of the closest Window is a support level. Three Line Break chart confirms a descending movement; Hammer pattern and Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency, which continued after a bearish Tweezers pattern. The closest Window is broken, now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair also shows a bearish tendency. The closest Window is a resistance level. Three Line Break chart confirms a descending movement; Morning Star pattern and Heiken Ashi candlesticks indicate a bullish pullback.
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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.