Japanese Candlesticks Analysis 27.03.2015 (EUR/USD, USD/JPY)
27.03.2015
Analysis for March 27th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the price has formed Engulfing Bearish reversal pattern near the Moving Average. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
As we can see at the H1 chart of EUR USD, Three Black Crows and Evening Star patterns indicate that the downtrend may continue. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the pair has formed Engulfing Bullish reversal pattern near the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm that the market may resume moving upwards to reach the Window or even break it. In this case, the price may grow much higher.
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