Japanese Candlesticks Analysis 05.11.2012 (EUR/USD, USD/JPY)
05.11.2012
Analysis for November 5th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also a bearish tendency, which is indicated by Three Methods patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows the start of a bullish tendency on the ascending trend, which is indicated by Hanging Man pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the USD/JPY currency pair also shows a correction on the ascending trend, which is indicated by Dark Cloud pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm the correction.
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.