Japanese Candlesticks Analysis 19.03.2013 (EUR/USD, USD/JPY)
19.03.2013
Analysis for March 19th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction on the descending trend, which is indicated by Morning Star pattern. A new Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the current trend.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. The lower Window is still opened, it’s a resistance level. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate a bearish mood.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a correction on the ascending trend. Engulfing Bullish pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bullish tendency. Three Line Break chart confirms the main trend; Engulfing Bearish pattern and Heiken Ashi candlesticks indicate a bearish pullback.
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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.