Analysis for October 22nd, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Harami pattern. Three Line Break chart indicates a bullish tendency; Heiken Ashi candlesticks confirm a possible correction.
The H1 chart of the EUR/USD currency pair shows a sideways tendency on the ascending trend. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the lower Windows are support levels. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish tendency; the closest level may become a resistance level.
The H1 chart of the USD/JPY currency pair show an ascending movement, which is indicated by Morning Star pattern. Three Line Break chart confirms a bullish tendency; Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department