Japanese Candlesticks Analysis 17.04.2014 (EUR/USD, USD/JPY)
17.04.2014
Analysis for April 17th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement, which is indicated by Inverted Hammer pattern near middle Window, which is support level. 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 sideways correction below open Window. Candlestick patterns are directed in different directions. Upper Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bearish pullback, which is indicated by Tweezers pattern. Lower Window is support level. Three Line Break chart indicates ascending movement; Heiken Ashi candlesticks confirm bearish pullback.
H1 chart of USD JPY shows bearish tendency. Upper Window is resistance level. Three Methods pattern indicates descending movement; Three Line Break chart and Heiken Ashi candlesticks confirm bearish tendency.
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