Japanese Candlesticks Analysis 17.08.2012 (EUR/USD, USD/JPY)
17.08.2012
Analysis for August 17th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways tendency. The closest Windows are support/resistance levels. Three Line Break chart indicates a bearish pullback; Hammer and Tower patterns and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a resistance level. Inverted Hammer pattern, Three Line Break chart and Heiken Ashi candlesticks confirm the current trend.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. The closest Window, which was a resistance level, has been broken and now it is a support one. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bullish tendency. The closest Windows are support levels. Three Line Break chart confirms the current trend; Evening Star, Shooting Star patterns and Heiken Ashi candlesticks indicate a bearish pullback.
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.