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Forex analysis & forecasts

Japanese Candlesticks Analysis 20.03.2017 (EUR/USD, USD/JPY)


EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Doji pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks shows a bullish direction to confirm that the ascending tendency continues. 

At the H1 chart of EUR USD, Engulfing Bearish and Doji patterns indicate that the descending correction continues. 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, bullish Harami pattern indicates an ascending correction. The downside Window is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.


RoboForex Analytical Department



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.