Japanese Candlesticks Analysis 28.08.2013 (EUR/USD, USD/JPY)
28.08.2013
Analysis for August 28th, 2013
EUR/USD
At the H4 chart of the EUR/USD currency pair, Tower 19.06 pattern is still a resistance level. Morning Star pattern and a possible support of the upper Window indicate the tendency; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.
At the H1 chart of the EUR/USD currency pair, Engulfing Bearish 06.19 pattern is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; bullish Tower pattern near the Window indicates a bullish tendency.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency, which is indicated by Hammers pattern. Three Line Break chart indicates a bearish tendency; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a correction, which is indicated by Belt Hold and Engulfing Bullish patterns. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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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.