Japanese Candlesticks Analysis 28.03.2013 (EUR/USD, USD/JPY)
28.03.2013
Analysis for March 28th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicate a possible bullish pullback up to Harami pattern.
The H1 chart of the EUR/USD currency pair also shows a correction. Three Line Break chart indicates the descending trend; Hammers pattern and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend. The closest Window is a support level. Three Line Break chart indicates an ascending movement; and Heiken Ashi candlesticks confirm that the correction may continue.
The H1 chart of the USD/JPY currency pair shows the descending trend. The closest Window is a support level. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks, Engulfing Bullish, Hammers, and Harami patterns indicate a possible bullish pullback.
RoboForex Analytical Department
Attention!
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.