Japanese Candlesticks Analysis 07.03.2013 (EUR/USD, USD/JPY)
07.03.2013
Analysis for March 7th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows the descending trend, which continued after Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which continued after Evening Star and Tweezers patterns. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. The level of a bearish Tower pattern is broken. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.
The H1 chart of the USD/JPY currency pair shows Tweezers pattern near the Window. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm the current tendency.
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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.