Japanese Candlesticks Analysis 24.10.2013 (EUR/USD, USD/JPY)
24.10.2013
Analysis for October 24th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Doji pattern indicates a possible correction. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a correction, which is indicated by Evening Star pattern. Three Line Break chart indicates the ascending trend; Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows an ascending correction, which is indicated by Engulfing Bullish pattern inside the support area. Three Line Break chart indicates the descending trend; Heiken Ashi candlesticks confirm an ascending correction.
The H1 chart of the USD/JPY currency pair show a sideways correction on the descending trend. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
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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.