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Japanese Candlesticks Analysis 09.03.2015 (EUR/USD, USD/JPY)

Analysis for March 9th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the pair is forming bullish Tower pattern, which means that the price may start a new correction. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm an ascending correction.

The H1 chart of EUR USD shows an ascending correction, which is indicated by Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upper Window has been broken and now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the uptrend.

RoboForex Analytical Department

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