Japanese Candlesticks Analysis 18,06.2013 (EUR/USD, USD/JPY)
18.06.2013
Analysis for June 18th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways correction. The small Window is a resistance level. Three Line Break chart indicates the current trend; Shooting Star pattern and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the EUR/USD currency pair also shows a sideways correction on the ascending trend. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm the correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the descending trend. The closest Windows are support/resistance levels. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair shows a sideways tendency. Three Line Break chart indicate the current trend; Hammers and Tweezers patterns, along with 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.