Japanese Candlesticks Analysis 12.03.2013 (EUR/USD, USD/JPY)
12.03.2013
Analysis for March 12th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency on 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 Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. Three Line Break chart indicates an ascending movement; Harami and 10 MAX patterns, and Heiken Ashi candlesticks confirms a possibility of a correction.
The H1 chart of the USD/JPY currency pair shows a correction on the ascending trend. Three Line Break chart indicates an ascending movement; Evening Doji Star pattern and Heiken Ashi candlesticks confirm the 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.