Japanese Candlesticks Analysis 15.10.2012 (EUR/USD, USD/JPY)
15.10.2012
Analysis for October 15th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways tendency. Morning Star and Evening Star patterns indicate support/resistance of Windows respectively. Three Line Break chart and Heiken Ashi candlesticks confirm a sideways movement.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. Three Line Break chart indicates resistance of the closest Window; Hammer and Harami patterns, as well as 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. Shooting Star pattern indicates a descending movement; Heiken Ashi candlesticks confirm an ascending movement up to resistance of the closest 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.