Japanese Candlesticks Analysis 01.04.2014 (EUR/USD, USD/JPY)
01.04.2014
Analysis for April 1st, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bullish tendency, 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. Upper Window is broken; now it’s support level. Three Line Break chart and 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 Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of USD JPY shows bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
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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.