Japanese Candlesticks Analysis 09.05.2012 (EUR/USD, USD/JPY)
09.05.2012
Analysis for May 9th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. A sideways correction has been finished after Tweezers pattern. A new Window is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. A new Window is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency on the descending trend, which continued after Shooting Star pattern. Three Methods pattern, Three Line Break and Heiken‑Ashi candlestick charts confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency on the descending trend, which continued after Harami pattern. Window, which is the closest to the price, is a support level. 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.