Analysis for March 14th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Shooting Stars pattern indicated a descending correction. The downside Window provides support. Three Line Break chart shows a bullish tendency; Heiken Ashi candlesticks confirm that the descending correction continues.
At the H1 chart of EUR USD, Shooting Star Doji and Three Methods patterns indicate that the sideways correction continues. The upside Window provides resistance. Three Line Break chart shows a bullish direction; Engulfing Bearish pattern and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Harami pattern close to the Window indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend; Doji pattern indicates a possible bearish pullback.
RoboForex Analytical Department
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