Japanese Candlesticks Analysis 04.03.2015 (EUR/USD, USD/JPY)

04.03.2015

Analysis for March 4th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a sideways correction within the downtrend. Three Methods continuation pattern is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm that the downtrend continues.



As we can see at the H1 chart of EUR USD, the price is being corrected inside the lower Window. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicate that an ascending correction may continue.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the price has faced resistance from the upper Window. Bullish Three Methods continuation pattern is providing support. Three Line Break chart indicates a descending correction; Heiken Ashi candlesticks shows the possibility of a bullish pullback.



 
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