Japanese Candlesticks Analysis 04.10.2013 (EUR/USD, USD/JPY)
04.10.2013
Analysis for October 4th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Three Methods pattern and Three Line Break chart confirm an ascending movement; Heiken Ashi candlesticks indicate a possible bearish pullback.
The H1 chart of the EUR/USD currency pair shows a sideways correction on the ascending trend. Three Line Break chart indicates an ascending movement; Engulfing Bearish pattern and Heiken Ashi candlesticks confirm the correction.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the lower Window is a resistance level. Three Line Break chart Heiken Ashi candlesticks confirm the descending trend.
The H1 chart of the USD/JPY currency pair show a correction on the descending trend. Three Line Break chart indicates the trend; Tweezers pattern and Heiken Ashi candlesticks confirm the correction.
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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.