Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

03.03.2016
Analysis of Japanese candlesticks on March 3, 2016

EUR USD "Euro-Dollar"


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

The bearish trend is on the 4 hour Euro-Dollar chart. Chart of the 3-lined breakage confirms downward trend. Bullish hammers and candlesticks Heiken Ashi demonstrate the possibility of up pullback.


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

Side correction is on the 1 hour chart, level of the bearish pattern, three methods resist. Pattern of the bullish engulfing, Chart of the 3-lined breakage confirms continuation of up correction.


USD JPY "Dollar-Yen"

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

Bullish continuation pattern is on the 4 hour Dollar-Yen chart, gap supports. Three methods indicate the upward trend. Bullish indication is on the chart of the 3-lined breakage and candlesticks Heiken Ashi.
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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