Weekly Japanese Candlesticks Analysis 16.03.2014 (EUR/USD, USD/JPY)
16.03.2014
Weekly Analysis, March 17th – 21st, 2014
EUR USD, “Euro vs US Dollar”
Daily chart of EUR USD shows ascending tendency, which is indicated by Three Methods patterns. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H4 chart of EUR USD shows ascending trend, which is indicated by Belt Hold pattern. Three Line Break chart indicates that correction continues; Heiken Ashi candlesticks confirm ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
Daily chart of USD JPY shows bearish tendency. Evening Star and Three Black Crows, along with Three Line Break chart and Heiken Ashi candlesticks confirm that tendency continues.
H4 chart of USD JPY also shows bearish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement towards support level.
RoboForex Analytical Department
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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.