Japanese Candlesticks Analysis 14.03.2012 (EUR/USD, USD/JPY)
14.03.2012
Analysis for March 14th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair indicates a bearish tendency on the descending trend, which continued after Doji Star pattern. Window 2011.02.06 is a resistance level. Three Line Break and Heiken Ashi candlestick charts confirm a bearish tendency.
The H1 chart of the EUR/USD currency pair indicates a bearish tendency on the descending trend. Three Methods continuation pattern indicates that the trend continues. Three Line Break and Heiken Ashi candlestick charts confirm a bearish tendency.
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. Bearish 8 Max pattern indicates a close 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 Methods 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.