Japanese Candlesticks Analysis 18.04.2014 (EUR/USD, USD/JPY)
18.04.2014
Analysis for April 18th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows resistance from upper Window, which is still open. Middle Window is support level. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicates possibility of support from middle Window.
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 ascending movement; bearish Three Methods pattern indicates that descending tendency may continue.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bearish pullback, which is indicated by Harami pattern. Three Line Break chart indicates ascending movement; Heiken Ashi candlesticks confirm bearish pullback.
H1 chart of USD JPY shows correction within ascending trend. Harami pattern indicates descending movement; Three Line Break chart and Heiken Ashi candlesticks confirm correction.
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