Japanese Candlesticks Analysis 30.10.2013 (EUR/USD, USD/JPY)
30.10.2013
Analysis for October 30th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Tweezers and Evening Star patterns. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the EUR/USD currency pair shows a bearish tendency. Tower pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate a bullish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency, which is indicated by Morning Star pattern. 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 show a bullish tendency. The upper level of the Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.
RoboForex Analytical Department
Attention!
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.