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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 23.03.2016 (EUR/USD, USD/JPY)
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Japanese Candlesticks Analysis 23.03.2016 (EUR/USD, USD/JPY)

23.03.2016

Analysis for March 23rd, 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 bearish tendency. Harami, Three Methods, and Tweezers patterns indicated a descending movement. 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, the correction within the downtrend continues. Three Methods pattern indicates a bullish movement. The closest Window was broken; now it provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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