Japanese Candlesticks Analysis 27.08.2013 (EUR/USD, USD/JPY)
27.08.2013
Analysis for August 27th, 2013
EUR/USD
At the H4 chart of the EUR/USD currency pair, Tower 19.06 pattern is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish mood; Engulfing Bearish pattern indicates a correction.
The H1 chart of the EUR/USD currency pair shows a bearish tendency near Engulfing Bearish 06.19 pattern, which continued after Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency, which started after Engulfing Bearish pattern. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm the tendency.
The H1 chart of the USD/JPY currency pair shows a correction, which is indicated by Tweezers pattern. The closest Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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