Japanese Candlesticks Analysis 30.03.2015 (EUR/USD, USD/JPY)
30.03.2015
Analysis for March 30th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the price has probably completed an ascending correction after Engulfing Bearish pattern and right now the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks indicate the downtrend; Three Methods continuation pattern confirm a descending movement.
As we can see at the H1 chart of EUR USD, a small Window is a support level. Three Line Break chart confirm a descending movement; Piercing Line pattern and Heiken Ashi candlesticks indicate that the Window may provide support once again.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending movement, which is indicated by Engulfing Bullish pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish movement; the closest Window is a resistance level.
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