Japanese Candlesticks Analysis 11.03.2014 (EUR/USD, USD/JPY)
11.03.2014
Analysis for March 11th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish tendency within ascending trend. Closest Windows are support levels. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that correction continues.
H1 chart of EUR USD shows sideways correction within ascending trend, which is indicated by Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows sideways correction, which is indicated by Harami pattern. Three Line Break chart indicates that ascending tendency continues; Heiken Ashi candlesticks confirm correction.
H1 chart of USD JPY shows sideways correction within ascending trend, which is indicated by bearish Harami pattern. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate that correction continues.
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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.