Japanese Candlesticks Analysis 12.10.2012 (EUR/USD, USD/JPY)
12.10.2012
Analysis for October 12th, 2012
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.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways tendency. The closest Window is a resistance level. Three Line Break chart indicates a descending movement; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a sideways tendency. Hammer and Morning Star patterns indicate a bullish pullback. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm an ascending movement up to resistance of the Window.
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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.