Weekly Japanese Candlesticks Analysis 13.03.2016 (EUR/USD, USD/JPY)
13.03.2016
Weekly Analysis, March 14th – 18th 2016
EUR USD, “Euro vs. US Dollar”
The weekly chart of EUR USD shows that the sideways correction within the downtrend continues. Engulfing Bullish pattern indicate an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the daily chart of EUR USD, Tower, Tweezers, and Three Methods patterns show an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the daily chart of USD JPY, bullish Harami and Hammer patterns indicate a correction above the closest Window, which provides support. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm that the ascending correction continues.
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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.