Japanese Candlesticks Analysis 24,06.2013 (EUR/USD, USD/JPY)
24.06.2013
Analysis for June 24th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Tower pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows the descending trend, which continued after Dark Cloud pattern. A new Window is a resistance level. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicates a sideways correction near the Window.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend. The closest Window is a support level. Three Methods pattern and Three Line Break chart confirm an ascending movement; Heiken Ashi candlesticks indicate a possible support of the Window.
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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.