Friday, 6 April 2012


Japanese Candlesticks Analysis 06.04.2012 (EUR/USD, USD/JPY)

06.04.2012 / 12:08

Analysis for April 6th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. The price formed bearish Three Methods pattern below Window 2012.02.03, which indicates that the trend continues Three Line Break chart confirms a descending trend, Heiken Ashi candlesticks indicate a correction.



The H1 chart of the EUR/USD currency pair shows a bearish tendency on the descending trend. The price formed bearish Three Methods pattern below Window 2012.02.03, which indicates that the trend continues. Three Line Break and Heiken Ashi candlestick charts confirm a descending trend.


USD/JPY

The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend, which is indicated by bearish Tower, Harami, and Doji Star patterns. Three Line Break chart confirms a descending correction, Heiken‑Ashi candlesticks indicate a bullish pullback.



The H1 chart of the USD/JPY currency pair shows a sideways tendency on the ascending trend. Bullish Doji Star pattern indicates that the trend continues. Window is a resistance level. Three Line Break and Heiken Ashi candlestick charts indicate an ascending movement.

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