Analysis for October 18th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which started after Tweezers pattern. The closest Window is a support level. 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 and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency, which started after Tweezers pattern. The closest Window is a support level. Three Line Break chart indicates an ascending correction; Heiken Ashi candlesticks confirm the bearish tendency.
The H1 chart of the USD/JPY currency pair show a bearish tendency. The lower border of the aHaWindow may become a support level. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm a descending correction towards the lower Window.
RoboForex Analytical Department