Japanese Candlesticks Analysis 03,05.2013 (EUR/USD, USD/JPY)
03.05.2013
Analysis for May 3rd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a tendency change, which is indicated by Engulfing Bearish pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows a bearish tendency, which continued after Harami pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways tendency. The closest Window is a resistance level. A bullish Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a correction, which is indicated by Tweezers pattern. The closest Window is a resistance level. Three Line Break chart confirms an ascending movement; and Heiken Ashi candlesticks indicate a possible of a bearish pullback.
RoboForex Analytical Department
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.