Japanese Candlesticks Analysis 26,06.2013 (EUR/USD, USD/JPY)
26.06.2013
Analysis for June 26th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction and a possible trend change. 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 a bearish tendency on the descending trend. A new Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the end of the correction on the descending trend, which is indicated by Evening Star pattern resistance of the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a sideways correction on the ascending trend. Three Line Break chart indicates the current trend; Tower pattern 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.