Japanese Candlesticks Analysis 13.11.2013 (EUR/USD, USD/JPY)

By RoboForex.com

Analysis for November 13th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows correction, which is indicated by Hammer and Harami patterns. Three Line Break chart indicates descending trend; Heiken Ashi candlesticks confirm that correction continues. Upper Window is resistance level.

The H1 chart of the EUR/USD currency pair shows correction within descending trend. Three Line Break chart indicates descending movement; Heiken Ashi candlesticks confirm that correction continues.

USD/JPY

The H4 chart of the USD/JPY currency pair shows bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement; Evening Star pattern indicates possibility of bearish pullback.

The H1 chart of the USD/JPY currency pair shows correction within ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm 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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews. 

 

Published by
forex-trader
11 years ago