Japanese Candlesticks Analysis 03.07.2013 (EUR/USD, USD/JPY)
03.07.2013
Analysis for July 3rd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows the support of the closest Window, which may be broken by bearish candlesticks. 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. Three Methods 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 a correction, which is indicated by Tower pattern. Three Line Break chart indicates the ascending trend; Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Tweezers pattern. Three Line Break chart 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.