Japanese Candlesticks Analysis 06,06.2013 (EUR/USD, USD/JPY)
06.06.2013
Analysis for June 6th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency. 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 also shows a bullish tendency. The closet Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the tendency.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency, which is indicated by Tweezers and Tower patterns. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a correction on the descending trend, which is indicated by Hammer and Engulfing Bullish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
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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.