Japanese Candlesticks Analysis 26.03.2014 (EUR/USD, USD/JPY)
26.03.2014
Analysis for March 26th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement, which is indicated by High Wave and Tower patterns. Lower Window is support level. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate bearish pullback.
H1 chart of EUR USD shows sideways correction within descending trend. Closest Window is support level. Hammer pattern and Three Line Break chart confirm ascending movement; Heiken Ashi candlesticks indicate bearish pullback.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows sideways correction, which is indicated by Hanging Man pattern. Three Line Break chart indicates correction; Heiken Ashi candlesticks confirm that bullish tendency continues.
H1 chart of USD JPY shows sideways correction within ascending trend near upper Window, which is indicated by Gravestone Doji pattern. Three Line Break chart and Heiken Ashi candlesticks confirm that correction continues.
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