Japanese Candlesticks Analysis 01,05.2013 (EUR/USD, USD/JPY)
01.05.2013
Analysis for May 1st, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair also shows a bullish tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; a bearish Tweezers pattern indicates a possible correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency, which started 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 Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
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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.