Japanese Candlesticks Analysis 23.03.2012 (EUR/USD, USD/JPY)
23.03.2012
Analysis for March 23rd, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair indicates a bullish tendency on the ascending trend, which continued after Hammer pattern. Three Line Break chart indicates a bearish correction, Heiken Ashi candlesticks confirm an ascending trend.
The H1 chart of the EUR/USD currency pair indicates a bullish tendency on the ascending trend, which continued after Three Methods pattern. Windows 2012.02.03 and 2012.02.17 are support levels. Three Line Break chart indicates a bearish correction, Heiken Ashi candlesticks confirm an ascending trend.
USD/JPY
The H4 chart of the USD/JPY currency pair indicates a bearish correction on the ascending trend, which continued after Three Outside Down and Two Crows patterns. 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 bullish correction on the descending trend, which was started after bullish Morning Star pattern. Three Line Break chart confirms a bullish correction, Heiken Ashi candlesticks indicate a descending trend.
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.