Japanese Candlesticks Analysis 05,06.2013 (EUR/USD, USD/JPY)
05.06.2013
Analysis for June 5th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The upper level of closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a sideways correction on the ascending trend. The closet Window is a support level. Three Line Break chart indicates the trend; Heiken Ashi candlesticks confirm the correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a sideways correction on the descending trend. Three Line Break chart and Doji pattern indicate the correction; Tweezers pattern and Heiken Ashi candlesticks confirm a bearish mood.
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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.