Japanese Candlesticks Analysis 08.07.2013 (EUR/USD, USD/JPY)
08.07.2013
Analysis for July 8th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend. 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 an ascending correction on the descending trend, which is indicated by Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows the ascending trend. Three Line Break chart indicates a bearish pullback; and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
Attention!
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.