Japanese Candlesticks Analysis 18.03.2013 (EUR/USD, USD/JPY)
18.03.2013
Analysis for March 18th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which ended after Shooting Star pattern. A new Window is a resistance level. 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. The lower Window is still opened, it’s a resistance level. Engulfing Bullish and Tweezers patterns, as well as Heiken Ashi candlesticks, indicate an ascending movement; Three Line Break chart confirms a bearish mood.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate the correction; the lower Window is a support level.
The H1 chart of the USD/JPY currency pair shows a bearish tendency, which is indicated by Tweezers and Three Black Crows patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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