Japanese Candlesticks Analysis 13,05.2013 (EUR/USD, USD/JPY)
13.05.2013
Analysis for May 13th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency. The closest Window is a support level; the level of bearish patterns is a resistance one. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a sideways correction. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; Hammer and Engulfing Bullish patterns indicate that the correction may continue.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the start of a new correction on the ascending trend. The level of bearish patterns is a support one. Three Line Break chart indicates the current trend; Doji Star pattern and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair also shows a correction. A new upper Windows is closed. Shooting Star pattern and Three Line Break chart confirm a descending movement; Heiken Ashi candlesticks indicate the current trend.
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