Japanese Candlesticks Analysis 04.04.2014 (EUR/USD, USD/JPY)
04.04.2014
Analysis for April 4th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish tendency. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
H1 chart of EUR USD shows sideways correction. Middle Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows sideways correction within ascending trend. Upper Window is resistance level. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate correction.
H1 chart of USD JPY also shows sideways correction within ascending trend. Three Line Break chart indicates that correction may continue; 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.