Japanese Candlesticks Analysis 28.03.2014 (EUR/USD, USD/JPY)
28.03.2014
Analysis for March 28th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish tendency. Price may form bullish patterns near Window from daily chart. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of EUR USD shows bearish tendency within descending trend. Closest Window is support level. Three Methods pattern, Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows ascending movement, which is indicated by Engulfing Bullish pattern. Three Line Break chart confirms that bullish tendency continues; Heiken Ashi candlesticks indicate correction.
H1 chart of USD JPY shows descending movement, which is indicated by Shooting Star pattern near upper Window. Closest Windows are support/resistance levels. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate 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.