Japanese Candlesticks Analysis 25.10.2012 (EUR/USD, USD/JPY)
25.10.2012
Analysis for October 25th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows the end of a correction on the ascending trend, which is indicated by Tweezers pattern. Three Line Break chart indicates the correction; Heiken Ashi candlesticks confirm the end of the correction.
The H1 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a support level. Three Line Break chart confirms the correction, Heiken Ashi candlesticks indicate an ascending movement; Shooting Star pattern may be followed by a bullish pullback.
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 the ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm the trend; Hanging Man pattern indicates a 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.