Japanese Candlesticks Analysis 26.03.2012 (EUR/USD, USD/JPY)
26.03.2012
Analysis for March 26th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair indicates a bearish correction on the ascending trend, which continued after Tweezers pattern. Three Line Break and Heiken Ashi candlestick charts confirm a bearish correction.
The H1 chart of the EUR/USD currency pair indicates a bearish correction on the ascending trend, which continued after Evening Star pattern. Three Line Break and Heiken Ashi candlestick charts confirm a bearish correction.
USD/JPY
The H4 chart of the USD/JPY currency pair indicates that a bearish correction on the ascending trend has been finished after bullish Hammer pattern. Three Line Break chart indicates a bearish correction, Heiken‑Ashi candlesticks confirm that the correction has been finished.
The H1 chart of the USD/JPY currency pair indicates a trend has been changed after bullish Three Inside Up pattern. Three Line Break chart indicates a descending trend, Heiken Ashi candlesticks confirm a bullish tendency.
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.