Japanese Candlesticks Analysis 16.04.2014 (EUR/USD, USD/JPY)

16.04.2014

Analysis for April 16th, 2014

EUR USD, “Euro vs US Dollar”

H4 chart of EUR USD shows support from middle Window. Upper Window is still open and price may form bearish patterns here. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.



H1 chart of EUR USD shows ascending movement, which is indicated by Engulfing Bullish and Tweezers patterns. Upper Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.




USD JPY, “US Dollar vs Japanese Yen”

H4 chart of USD JPY shows ascending correction, which is indicated by bullish Hammer, Inverted Hammer, and Tweezers patterns. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.  



H1 chart of USD JPY shows ascending movement, which is indicated by Three Methods pattern. Upper Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.



 
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