Japanese Candlesticks Analysis 19,06.2013 (EUR/USD, USD/JPY)
19.06.2013
Analysis for June 19th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways correction. The small Window has been broken, now it’s a support level. Three Line Break chart confirms the current trend; Heiken Ashi candlesticks indicate 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; Tweezers pattern and Heiken Ashi candlesticks confirm a bearish pullback.
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 and Three Line Break chart confirm the correction; Heiken Ashi candlesticks indicate a possible support of the Window.
The H1 chart of the USD/JPY currency pair shows a sideways tendency. Three Line Break chart, Tweezers pattern, and Heiken Ashi candlesticks confirm a descending movement.
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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.