Japanese Candlesticks Analysis 29.03.2013 (EUR/USD, USD/JPY)
29.03.2013
Analysis for March 29th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend, which is indicated by Tower pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair also shows a correction, which started after Hammers and Tweezers patterns. Three Line Break chart 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 a bearish tendency. The lower Window is a support level; the patterns are directed in different direction. Three Line Break chart and Heiken Ashi candlesticks indicate a descending movement.
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