Japanese Candlesticks Analysis 01.03.2013 (EUR/USD, USD/JPY)
01.03.2013
Analysis for March 1st, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend, which is indicated by Inverted Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a sideways correction on the descending trend. Three Line Break chart indicates the current trend; Tweezers pattern and Heiken Ashi candlesticks confirm the correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a sideways correction. The closest Window is a resistance level. High Wave pattern, Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also shows a correction, which continued after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.