Japanese Candlesticks Analysis 25.03.2013 (EUR/USD, USD/JPY)
25.03.2013
Analysis for March 25th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the descending trend, which is indicated by Inverted Hammer pattern. A new Window is closed; it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows the ascending trend. Tweezers pattern indicates a correction; 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 correction on the ascending trend, which continued after a bearish Tweezers pattern. The closest Window is broken; now it’s a resistance level. Three Line Break chart and the resistance of the Window confirm the correction; Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the USD/JPY currency pair shows a correction on the descending trend; the price is stuck between the Windows. Three Line Break chart indicates the correction; the closest Window and Three Methods patterns are resistance levels; 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.