Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 1, 2016

01.03.2016
Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 1, 2016

EUR USD "Euro Dollar"


Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 1, 2016

The 4 hour chart of euro-dollar pair is bearish, continuation pattern. Three methods indicate the declining. The chart of 3-lined breakout and Heiken Ashi is kept bearish.


Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 1, 2016

The hourly chart of euro-dollar pair is kept bearish after the resistance level. Three methods indicate the declining. The chart of 3-lined breakout and Heiken Ashi is kept bearish.


USD JPY "Dollar Yen"

Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 1, 2016

On the 4 hour chart of Dollar\Yen, gap has supported, side correction is kept. Bull Harami pattern indicates direction is up. The chart of 3-lined breakout indicates bearish trend, candlesticks Heiken Ashi confirm bullish trend.
Attention!

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.

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