empty
 
 
13.04.2012 11:34 AM
EUR/JPY Candlestick Analysis for April 13, 2012

Daily

This image is no longer relevant

Having completed the Fibonacci corrective level of 61.8% and slightly overcome it, the bullish Harami candlestick pattern was formed. After its formation the pair has reversed to the benefit of the euro. Thus, on the daily chart we can observe that quotes are expected to reach the correction level 76.4% which is equal to 108.11% of Fibonacci though the direction of further movement of quotes will be defined near this level. If fixed above this level, the trend will be able to continue and retest the Fibonacci level of 100.0%. In case of rebound from Fibonacci level of 76.4%, the movement towards 50.0% (104.27% of Fibonacci) can be resumed.
4h
This image is no longer relevant

On the smaller chart we can see the clear obstacle for the prospect growth of the pair –Fibonacci correction level of 23.6%. For the last 12 hours the pair was trying to be fixed above this level but it has not succeeded yet. Therefore, as long as this level remains unbroken, the quotes cannot continue the growth. On the other hand, there are no bearish formations near this level that is why there should be no rebound from this level considering the candlestick analysis. On the contrary, the latest bullish formation indicates the possible growth of quotes.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback