Japanese Candlesticks Analysis 03.04.2014 (EUR/USD, USD/JPY)
03.04.2014
Analysis for April 3rd, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows descending correction, which started after Engulfing Bullish pattern Window and Moving Average 55. Three Methods pattern and closest Windows are support levels. Three Line Break chart and Heiken Ashi candlesticks confirm correction.
H1 chart of EUR USD shows sideways correction. Upper Window is support level. Tweezers pattern and Three Line Break chart indicate ascending movement; Heiken Ashi candlesticks confirm correction.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bullish tendency. Upper Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of USD JPY also shows bullish tendency. Three Line Break chart indicates possibility of correction; Three Methods pattern and Heiken Ashi candlesticks confirm ascending movement.
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