Analysis for October 16th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair also shows a bullish tendency. Three Line Break chart, Three Methods pattern, and Heiken Ashi candlesticks indicate an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. The closest Window is a resistance level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bullish tendency, which is indicated by Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department