Japanese Candlesticks Analysis 01.11.2012 (EUR/USD, USD/JPY)
01.11.2012
Analysis for November 1st, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which continued after Dark Cloud pattern. Three Line Break chart and Heiken Ashi candlesticks confirms a descending movement.
The H1 chart of the EUR/USD currency pair also a bearish tendency, which is indicated by Doji Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirms a descending movement.
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 Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency on the ascending trend, which is indicated by Dark Cloud pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending 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.