Japanese Candlesticks Analysis 22.06.2012 (EUR/USD, USD/JPY)
Analysis for June 22nd, 2012
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The H4 chart of the EUR/USD currency pair shows a bearish tendency. Window 2012.01.09 is a resistance level, a new ascending closed Window may be a support level. Belt Hold and Long Legged Doji patterns, as well as Three Line Break and Heiken Ashi candlestick charts, confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a trend change. Window, which is the closest to the price, is a support level. Three Line Break and Heiken Ashi candlestick charts confirm a descending movement.
USD/JPYThe H4 chart of the USD/JPY currency pair shows a bullish tendency. A new ascending Window is a support level. Three Line Break and Heiken‑Ashi candlestick charts confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bullish tendency. Windows, which are the closest to the price, are support/resistance levels. Shooting Star pattern and Heiken Ashi candlesticks indicate a bearish pullback, Three Line Break chart confirms an ascending movement.
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