Japanese Candlesticks Analysis 07.04.2014 (EUR/USD, USD/JPY)
07.04.2014
Analysis for April 7th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish tendency. Hammers pattern indicates new correction; daily Window is broken, now it’s resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending correction.
H1 chart of EUR USD shows sideways correction near lower Window. Three Line Break chart indicates bearish trend; Long Legged Doji pattern and Heiken Ashi candlesticks confirm ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bearish tendency, which is indicated by Tweezers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm current tendency.
H1 chart of USD JPY also shows bearish tendency, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm descending 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.