Japanese Candlesticks Analysis 28.08.2012 (EUR/USD, USD/JPY)
28.08.2012
Analysis for August 28th, 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 bullish tendency, which is indicated by Hammer candlestick. Three Line Break chart 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. Tweezers pattern, Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows the correction on the descending trend. The closest Window is a resistance level. Doji pattern and Three Line Break chart confirm a descending movement, Heiken Ashi candlesticks indicate a bullish 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.