Analysis for October 10th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. Tweezers pattern indicates the support of the closest Window and a bullish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows also a bullish movement, which is indicated by Hammer and Harami patterns. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows an ascending correction, which continued after Three Methods pattern. The upper Windows are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair show a bullish tendencyaHa. The closest Window may become a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department