Japanese Candlesticks Analysis 02.11.2012 (EUR/USD, USD/JPY)
02.11.2012
Analysis for November 2nd, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency, which continued after Dark Cloud pattern. The closest Window is a support level. 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 Three Methods 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 Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also shows a bullish tendency on the ascending trend, which is indicated by Three Methods pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm an ascending movement.
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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.