Japanese Candlesticks Analysis 12.03.2014 (EUR/USD, USD/JPY)
12.03.2014
Analysis for March 12th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows correction 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 that correction towards support from upper Window continues.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows correction within ascending trend, which is indicated by bearish Harami pattern. Three Line Break chart indicates that ascending trend continues; Heiken Ashi candlesticks confirm correction.
H1 chart of USD JPY shows bearish tendency, which is indicated by bearish Harami pattern. Three Line Break chart confirms ascending trend; Heiken Ashi candlesticks indicate that bearish tendency 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.