Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 22.03.2016 (EUR/USD, USD/JPY)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Japanese Candlesticks Analysis 22.03.2016 (EUR/USD, USD/JPY)

22.03.2016

Analysis for March 22nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Tweezers pattern indicated a descending correction. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows a correction within the uptrend. Harami and Three Methods patterns indicated that the descending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Doji, High Wave, and Engulfing Bullish patterns show an ascending correction within the downtrend. The closest Window provides resistance. Three Line Break chart indicates the ascending correction; Evening Star pattern and Heiken Ashi candlesticks confirm a bearish pullback.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

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.