Japanese Candlesticks Analysis 29.08.2013 (EUR/USD, USD/JPY)
29.08.2013
Analysis for August 29th, 2013
EUR/USD
At the H4 chart of the EUR/USD currency pair, Tower 19.06 pattern is still a resistance level. The lower Window is a support level; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish tendency.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Tweezers pattern near Engulfing Bearish 06.19 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 bullish tendency, which is indicated by Hammers pattern. Three Line Break chart indicates the resistance of the closest Window; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a possible support of the closest Window, which is indicated by Shooting Star pattern. 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.