Japanese Candlesticks Analysis 23.10.2012 (EUR/USD, USD/JPY)
23.10.2012
Analysis for October 23rd, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Shooting Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend, which is indicated by Harami and Evening Star patterns. Three Line Break chart and 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 resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a correction on the ascending trend. The closest Windows are support/resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
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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.