Japanese Candlesticks Analysis 13.03.2012 (EUR/USD, USD/JPY)
13.03.2012
Analysis for March 13th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair indicates a bullish correction on the descending trend, which was started after Morning Star pattern. Window 2011.02.06 is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a bullish correction.
The H1 chart of the EUR/USD currency pair indicates a bullish correction on the descending trend. Window 2012.02.17 is a resistance level, Three Outside Down reversal pattern indicates a bearish pullback. Three Line Break and Heiken Ashi candlestick charts confirm a bullish correction.
USD/JPY
The H4 chart of the USD/JPY currency pair indicates a bullish tendency on the ascending trend, which continued after not very deep bearish correction. Three Line Break and Heiken-Ashi candlestick charts confirm a bullish tendency.
The H1 chart of the USD/JPY currency pair indicates a bullish tendency on the ascending trend, which continued after bullish Three Inside Up pattern. Three Line Break and Heiken Ashi candlestick charts confirm a bullish tendency.
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.