Japanese Candlesticks Analysis 21.04.2014 (EUR/USD, USD/JPY)
21.04.2014
Analysis for April 21st, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows resistance from upper Window. Middle Window is support level. Shooting Star pattern indicates bearish movement. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR USD shows sideways correction below open Window. Hammer pattern indicates ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm bullish movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows ascending movement, which is indicated by Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm bullish movement.
H1 chart of USD JPY shows correction within ascending trend, which started after Shooting Star pattern. Three Line Break chart indicates ascending movement; Heiken Ashi candlesticks confirm correction.
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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.