Japanese Candlesticks Analysis 09.08.2012 (EUR/USD, USD/JPY)
09.08.2012
Analysis for August 9th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Tweezers pattern. Three Methods continuation pattern, Three Line Break and Heiken Ashi candlesticks charts confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency. The closest Window is a resistance level. Tweezers pattern, Three Line Break and Heiken Ashi candlesticks charts confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways correction on the descending trend. The closest Windows are support/resistance levels. Three Black Crows and bearish Harami patterns indicate a descending movement, Three Line Break and Heiken Ashi candlesticks charts confirm the correction.
The H1 chart of the USD/JPY currency pair shows a sideways tendency. The closest Window is a resistance level. Engulfing Bullish pattern, Three Line Break and Heiken Ashi candlesticks charts indicate 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.