Japanese Candlesticks Analysis 11.03.2013 (EUR/USD, USD/JPY)
11.03.2013
Analysis for March 11th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows the descending trend, which continued after Advance Block pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which continued after Three Black Crows pattern. Three Line Break chart confirms a descending movement; Inverted Hammer pattern and Heiken Ashi candlesticks indicate a possibility of a bullish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement, but Harami and 10 MAX patterns indicate a possibility of a correction.
The H1 chart of the USD/JPY currency pair shows the ascending trend. Three Line Break chart indicates an ascending movement; Hanging Man pattern and Heiken Ashi candlesticks confirm a possibility of a correction.
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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.