Japanese Candlesticks Analysis 10,06.2013 (EUR/USD, USD/JPY)
10.06.2013
Analysis for June 10th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Engulfing Bearish and Belt Hold patterns. The upper level of closest Window is a resistance one. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm the correction.
The H1 chart of the EUR/USD currency pair shows a sideways correction on the ascending trend. A new Window is a resistance level. Shooting Star and Tower patterns, as well as Three Line Break chart and Heiken Ashi candlesticks, confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the descending trend. The closest Window is a support level. Three Line Break chart indicates the current trend; Hammer and Inverted Hammer patterns, along with Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair shows an ascending correction, which started after Morning Star pattern. A new Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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