Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 7, 2016

07.03.2016
Analysis of Japanese candlestick on March 7, 2016

EUR USD "Euro-Dollar"


Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 7, 2016

On the 4 hour Euro-dollar chart, the bearish model The High Wave indicates the continuation of downward, the lowest Window resisted. The 3-lined breakage chart and candlesticks Heiken Ashi confirm the bearish trend.


Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 7, 2016

On the 1 hour Euro-Dollar chart, the Window level resisted, the bearish continuation model Three Methods indicates the downward. The three line break chart and candlesticks Heiken Ashi confirms the bearish trend.


USD JPY "Dollar Yen"

Analysis of Japanese candlestick for EUR/USD and USD/JPY on March 7, 2016

On the 4 hour Dollar-Yen chart, the side correction is continuing, the Window is the support. The bullish indication is on the 3 line break chart, candlesticks Heiken Ashi and Evening Star indicate the bearish pullback.
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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