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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 4, 2016
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Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 4, 2016

04.03.2016
Analysis of Japanese candlestick on March 4, 2016

EUR USD "Euro-Dollar"


Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 4, 2016

On the 4 hour Euro-Dollar chart, the Hammer pattern pointed the upward correction; the lowest Gap is the resistance. Chart of the 3-lined breakage and candlesticks Heiken Ashi confirms the bullish trend.


Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 4, 2016

On the 4 hour Euro-Dollar chart, the Hammer pattern pointed the upward correction; the lowest Gap is the resistance. Hammer, chart of the 3-lined breakage and candlesticks Heiken Ashi confirms the upward trend.


USD JPY "Dollar Yen"

Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 4, 2016

The side correction is on the 4 hour Dollar-Yen chart, the Gap is the support. The bullish indication is on the chart of the 3-lined breakage and candlesticks Heiken Ashi. The Evening Star points the bearish pullback.

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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.