Japanese Candlesticks Analysis 07.08.2012 (EUR/USD, USD/JPY)
07.08.2012
Analysis for August 7th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Tower pattern. Three Line Break and Heiken Ashi candlesticks charts confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency on the ascending trend. Hammer pattern, Three Line Break and Heiken Ashi candlesticks charts confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways correction on the descending trend, which is indicated by Tweezers and bullish Blended Hammer patterns. Three Line Break and Heiken Ashi candlesticks charts indicate an ascending movement.
The H1 chart of the USD/JPY currency pair shows a sideways tendency. The closest Window is a resistance level. Bullish Tweezers pattern, Three Line Break and Heiken Ashi candlesticks charts confirm an ascending movement.
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.