Japanese Candlesticks Analysis 28.10.2013 (EUR/USD, USD/JPY)
28.10.2013
Analysis for October 28th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency, which continued after another Three Methods pattern. Three Line Break chart indicates a possible correction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a sideways correction. Three Line Break chart indicates the correction; Morning Star pattern and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency on the descending trend. Three Line Break chart indicates the trend; Morning Star pattern and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair show a sideways correction on the descending trend. Three Line Break chart and a new Window indicate the correction; Heiken Ashi candlesticks confirm a possible resistance of the upper Window.
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