Japanese Candlesticks Analysis 21.03.2014 (EUR/USD, USD/JPY)
21.03.2014
Analysis for March 21st, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish tendency and possible trend change; Lower Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of EUR USD shows bearish tendency within descending trend, which is indicated by Tweezers pattern. Closest Window is support level. Three Line Break chart confirms descending movement; High Wave pattern and Heiken Ashi candlesticks indicate bullish pullback.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows descending movement, which is indicated by Hanging Man pattern. Three Line Break chart and Heiken Ashi candlesticks confirm bearish tendency towards support of lower Window.
H1 chart of USD JPY shows bearish tendency, which is indicated by Evening Doji Star pattern. Upper Window is resistance level. Three Line Break chart indicates ascending movement; Three Methods pattern and Heiken Ashi candlesticks confirm bearish pullback.
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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.