Japanese Candlesticks Analysis 29.10.2012 (EUR/USD, USD/JPY)
29.10.2012
Analysis for October 29th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Engulfing Bearish pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which continued after Shooting Star pattern. Three Line Break chart and Morning Doji Star pattern indicate a bullish pullback; Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by Engulfing Bearish pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency, which started after Harami pattern. Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
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