Japanese Candlesticks Analysis 22.10.2012 (EUR/USD, USD/JPY)
22.10.2012
Analysis for October 22nd, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Harami Cross pattern. The closest Window is a resistance level. Three Line Break chart confirms a descending movement; Morning Doji Star pattern and Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend, which is indicated by Morning Star pattern. Three Line Break chart, as well as Tower and Tweezers patterns, indicates a bullish pullback; Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the ascending trend. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows the ascending trend. The upper border of the closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the current trend.
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