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Japanese Candlesticks Analysis 14.05.2012 (EUR/USD, USD/JPY)
14.05.2012 / 12:28
Analysis for May 14th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. The previous sideways correction has been finished after Tweezers pattern. A new Window has been opened. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. A new Window has been opened. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the descending trend, which is indicated by Engulfing Bullish pattern. Three Line Break chart confirms the descending trend, Heiken‑Ashi candlesticks indicate a correction.
The H1 chart of the USD/JPY currency pair shows a trend change after Piercing Line pattern. Window, which is the closest to the price, is a support/resistance level. Three Line Break and Heiken Ashi candlestick charts indicate an ascending movement.
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