Japanese Candlesticks Analysis 14.05.2012 (EUR/USD, USD/JPY)
14.05.2012
Analysis for May 14th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. The previous sideways correction has been finished after Tweezers pattern. A new Window has been opened. 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 has been opened. 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 correction on the descending trend, which is indicated by Engulfing Bullish pattern. Three Line Break chart confirms the descending trend, Heiken‑Ashi candlesticks indicate a correction.
The H1 chart of the USD/JPY currency pair shows a trend change after Piercing Line pattern. Window, which is the closest to the price, is a support/resistance level. Three Line Break and Heiken Ashi candlestick charts indicate an ascending 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.