Japanese Candlesticks Analysis 02.04.2015 (EUR/USD, USD/JPY)
02.04.2015
Analysis for April 2nd, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows an ascending movement, which is indicated by bullish Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
As we can see at the H1 chart of EUR USD, the price faced resistance from the closest Window. Shooting Star pattern indicates a possible bearish pullback from the resistance level of the Window; Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a descending movement, which is indicated by Tweezers and Shooting Star patterns near the resistance level of the Window. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
RoboForex Analytical Department
Attention!
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.