Japanese Candlesticks Analysis for 2013 (EUR/USD, USD/JPY)

Yearly Analysis for 2013

EUR/USD

The monthly chart of the EUR/USD currency pair shows a bullish tendency on the sideways trend, which started after Harami pattern. Three Line Break chart indicates that the price is slowing down; Heiken Ashi candlesticks confirm an ascending movement.



The weekly chart of the EUR/USD currency pair shows a bullish tendency and a possible trend change. The closest Window is a support level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement, but last week’s Doji candlestick indicates a possible correction up to the support level of the closest Window.



The daily chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Shooting Star pattern was stopped by the support level of the closest Window; the pattern’s maximum is a resistance level now. However, in case the maximum of Shooting Start is broken, there is a growing possibility that the upwards Window may become a resistance level. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.

USD/JPY

The monthly chart of the USD/JPY currency pair shows the start of a correction on the descending trend, which is indicated by Package of bullish patterns: Hammer, Tweezers, and Tower. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The weekly chart of the USD/JPY currency pair shows a trend change. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish movement.



The daily chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend. After the previous correction the price set 12 maximums, thus indicating a possible correction up to the support level of the opened Window. The upward Window, Three Line Break chart, and Heiken Ashi candlesticks confirm the ascending trend.



 
RoboForex Analytical Department