Japanese Candlesticks Analysis 17.10.2012 (EUR/USD, USD/JPY)
17.10.2012
Analysis for October 17th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The closest Windows are support/resistance level. 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 correction on the ascending trend. The closest Window is a resistance level. Three Line Break chart indicates the current trend; Doji Star pattern and Heiken Ashi candlesticks confirm the correction.
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.
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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.