Japanese Candlesticks Analysis 31.10.2012 (EUR/USD, USD/JPY)
31.10.2012
Analysis for October 31st, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows the end of a correction, which is indicated by Tweezers and Hammers patters. The closest Window is a resistance level. Three Line Break chart confirms an ascending movement; Heiken Ashi candlesticks indicate a resistance of the Window and a bearish pullback.
The H1 chart of the EUR/USD currency pair shows a tendency change from bearish to bullish, which is indicated by Morning Star and Tweezers patterns. The closest Window is a resistance level. Three Line Break chart confirms an ascending movement; Heiken Ashi candlesticks indicate a possible bearish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend, which is indicated by Morning Star pattern. Three Line Break chart indicates a correction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a tendency change from bearish to bullish after Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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