Japanese Candlesticks Analysis 01.10.2013 (EUR/USD, USD/JPY)
01.10.2013
Analysis for October 1st, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of the EUR/USD currency pair, the lower Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the lower Window is a support level. Three Line Break chart indicates the descending trend; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of the USD/JPY currency pair show a correction on the descending trend. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish pullback.
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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.