Japanese Candlesticks Analysis 14.03.2014 (EUR/USD, USD/JPY)
14.03.2014
Analysis for March 14th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish tendency within ascending trend, which is indicated by Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of EUR USD shows bullish tendency, which is indicated by Three White Soldiers and Harami patterns. Three Line Break chart indicates bearish movement; Heiken Ashi candlesticks confirm bullish pullback.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bearish tendency. Closest Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of USD JPY shows correction within descending trend near lower Window. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm 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.