Japanese Candlesticks Analysis 31.03.2014 (EUR/USD, USD/JPY)
31.03.2014
Analysis for March 31st, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement, which is indicated by Engulfing Bullish pattern near Window from daily chart. Upper Window and Moving Average 55 are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR USD shows bullish tendency within descending trend, which started after Morning Star pattern. Upper Window is broken; now it’s support level. Three Line Break chart indicates current trend; Heiken Ashi candlesticks confirm ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows ascending tendency, which is indicated by Engulfing Bullish pattern. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of USD JPY shows resistance from upper Window; price may form bearish patterns near it. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
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