Japanese Candlesticks Analysis 05.07.2013 (EUR/USD, USD/JPY)
05.07.2013
Analysis for July 5th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency. The closest Window is broken, now it’s a resistance 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, which is indicated by Engulfing Bearish and Belt Hold patterns. 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 bullish tendency. Three Line Break chart indicates the correction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a sideways tendency on the ascending trend. 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.