Japanese Candlesticks Analysis 30.10.2012 (EUR/USD, USD/JPY)
30.10.2012
Analysis for October 30th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The closest Window is a support level. Three Line Break chart indicates the correction; Heiken Ashi candlesticks, Hammer and Tweezers patterns confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which finished after Morning Star and Tweezers patterns. Three Line Break chart indicate a descending movement; Heiken Ashi candlesticks confirm an ascending 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, Heiken Ashi candlesticks, and a new Engulfing Bearish pattern confirm a descending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency, which continued after Dark Cloud pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; Hammer candlestick indicates a possible bullish pullback.
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