Japanese Candlesticks Analysis 20.08.2012 (EUR/USD, USD/JPY)
20.08.2012
Analysis for August 20th, 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. Three Line Break chart indicates a bearish pullback; Harami pattern 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 confirms the current trend, Hanging Man pattern and Heiken Ashi candlesticks indicate the correction.
The H1 chart of the USD/JPY currency pair shows a bullish tendency. The closest Windows are support levels. Evening Star pattern, Three Line Break chart and Heiken Ashi candlesticks indicate a descending 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.