Japanese Candlesticks Analysis 23.03.2017 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways correction continues. Bearish Hanging Man and Shooting Star patterns indicate that the descending correction continues. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending correction.
At the H1 chart of EUR USD, Engulfing Bearish, Harami, and Tweezers 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, Engulfing Bullish and Inverted Hammer patterns indicate an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bearish Harami pattern shows a possible pullback to the downside.
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