Japanese Candlesticks Analysis 09.04.2014 (EUR/USD, USD/JPY)
09.04.2014
Analysis for April 9th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bullish tendency. Hammers pattern near daily Window indicates ascending movement. Upper Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm bullish movement.
H1 chart of EUR USD shows sideways correction, which is indicated by Shooting Star pattern. 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 correction, which is indicated by Hammer and Inverted Hammer patterns near lower Window. Three Line Break chart indicates bearish tendency; Heiken Ashi candlesticks confirm correction.
H1 chart of USD JPY shows ascending correction within bearish trend, which is indicated by Morning Star patter near lower Window. 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.