Japanese Candlesticks Analysis 26.03.2013 (EUR/USD, USD/JPY)
26.03.2013
Analysis for March 26th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows the descending trend. The closest Window is broken; now it’s a resistance level. 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; Harami pattern indicates a correction; Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicate a bullish pullback.
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 a support level. Three Line Break chart and Heiken Ashi candlesticks indicate a descending movement.
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 and Heiken Ashi candlesticks confirm a descending movement; Hammer pattern indicates a possible bullish pullback.
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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.