Japanese Candlesticks Analysis 22.03.2012 (EUR/USD, USD/JPY)
22.03.2012
Analysis for March 22nd, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair indicates a bearish correction on the bullish trend, which was started at the level of Window 2011.11.25 after Doji pattern. Three Line Break chart confirms a bearish correction, Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the EUR/USD currency pair indicates a bearish correction on the ascending trend, which continued after Evening Doji Star pattern. Windows 2012.02.03 and 2012.02.17 are support levels. Three Line Break chart confirms a bullish tendency, Heiken Ashi candlesticks indicate a bearish correction.
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 and continued after Three Outside Down and Two Crows patterns. Three Line Break chart confirms an ascending trend, Heiken‑Ashi candlesticks indicate a bearish correction.
The H1 chart of the USD/JPY currency pair indicates a bearish correction on the ascending trend, which continued after bearish Three Methods pattern. Three Line Break chart confirms a bullish trend, Heiken Ashi candlesticks indicate 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.