Analysis for October 21st, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Tweezers pattern. The closest Window is a support level. Three Line Break chart indicates an ascending movement; Harami pattern and Heiken Ashi candlesticks confirm a bearish pullback.
The H1 chart of the EUR/USD currency pair shows a sideways correction. Shooting Star and Tower patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the lower Windows are support levels. Three Line Break chart indicates a descending correction; Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of the USD/JPY currency pair show an ascending correction, which is indicated by Morning Star pattern. Three Line Break chart indicates a descending tendency; Heiken Ashi candlesticks confirm the correction.
RoboForex Analytical Department