Japanese Candlesticks Analysis 08.10.2013 (EUR/USD, USD/JPY)
08.10.2013
Analysis for October 8th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Three Black Crows pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the EUR/USD currency pair shows also a correction on the ascending trend. The closest Window is a strong support level. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending trend.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction, which is indicated by Morning Star and Hammer patterns. Three Line Break chart indicates the descending trend; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also show a bullish tendency on the descending trend, which is indicated by HaaHammer pattern. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending 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.