Japanese Candlesticks Analysis 29.10.2013 (EUR/USD, USD/JPY)
29.10.2013
Analysis for October 29th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Tweezers and Evening Star patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a sideways correction. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm the correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction, which is indicated by Morning Star pattern. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair show a sideways correction on the descending trend. The upper Window is a support level. Three Line Break chart and Heiken Ashi candlesticks indicate 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.