Japanese Candlesticks Analysis 06.10.2013 (EUR/USD, USD/JPY)
06.10.2013
Weekly Analysis, October 7th – 11th, 2013
EUR/USD
The weekly chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The price couldn’t stay below the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The daily chart of the EUR/USD currency pair shows a correction, which is indicated by Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks indicate the ascending tendency.
USD/JPY
The weekly chart of the USD/JPY currency pair shows a correction on the ascending trend. The small upper Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
The daily chart of the USD/JPY currency pair also show a correction on the ascending trend. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending 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.