Analysis for August 27th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Windows are support/resistance levels. Tower pattern and Three Line Break chart indicate the correction, Heiken Ashi candlesticks confirm the current tendency.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. The closest Windows are support/resistance levels. Three Line Break chart indicates the correction, Morning Star pattern and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways tendency. The closest Window is a resistance level. Doji pattern and Three Line Break chart indicate the correction, Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows the correction on the descending trend, which is indicated by Engulfing Bearish pattern. The closest Window is a resistance level. Doji pattern, Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.