Japanese Candlesticks Analysis 27.03.2013 (EUR/USD, USD/JPY)

27.03.2013

Analysis for March 27th, 2013

EUR/USD

The H4 chart of the EUR/USD currency pair shows the descending trend. The closest Window is broken; it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; Harami pattern indicates a possible bullish pullback.



The H1 chart of the EUR/USD currency pair shows a bearish tendency; Harami 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. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement; Shooting Star pattern indicates that the correction may continue.



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, Heiken Ashi candlesticks, and Evening Doji Star pattern confirm a descending movement.



 
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