Japanese Candlesticks Analysis 21.03.2012 (EUR/USD, USD/JPY)
21.03.2012
Analysis for March 21st, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair indicates a trend change from bearish to bullish, which started after Three Outside Up pattern and continued after Three Methods pattern. Three Line Break and Heiken Ashi candlestick charts confirm a bullish tendency.
The H1 chart of the EUR/USD currency pair indicates a bearish correction on the ascending trend. Windows 2012.02.03 and 2012.02.17 are support levels, which have been broken. Harami pattern indicates a bearish pullback. Three Line Break chart confirms a bullish tendency, Heiken Ashi candlesticks indicate a bearish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair indicates a bearish correction on the ascending trend, which was started bearish Evening Star pattern. Three Line Break chart confirms a bearish correction, Heiken‑Ashi candlesticks indicate a bullish pullback.
The H1 chart of the USD/JPY currency pair indicates a bearish correction on the ascending trend, which continued after bearish Tweezers pattern. Three Line Break and Heiken Ashi candlestick charts confirm a bearish correction.
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.