Japanese Candlesticks Analysis 28,06.2013 (EUR/USD, USD/JPY)
28.06.2013
Analysis for June 28th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Morning Star pattern. The closest Window is a support level. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm the correction.
The H1 chart of the EUR/USD currency pair shows a correction on the descending trend, which started after Hammer pattern. A new Window is a resistance level. Tower pattern, 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 support of the closest Window. Engulfing Bullish pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows the resistance of the closest Window. Shooting Star pattern indicates a possibility of a descending correction; Three Line Break chart and Heiken Ashi candlesticks confirm the tendency.
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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.