Japanese Candlesticks Analysis 01.11.2013 (EUR/USD, USD/JPY)
01.11.2013
Analysis for November 1st, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Tweezers and Evening Star patterns. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; the closest Window is a support level.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction, which started after Shooting Star pattern near the resistance level of the Window. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
The H1 chart of the USD/JPY currency pair shows a correction on the ascending trend, which started after Evening Star pattern. The lower level of the wide Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
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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.