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Japanese Candlesticks Analysis 11.03.2015 (EUR/USD, USD/JPY)

Analysis for March 11th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the downtrend continues. Harami pattern indicates a possible correction; Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.

The H1 chart of EUR USD shows the downtrend. Bullish Tweezers pattern indicates a possible correction. Three Line Break chart shows the downtrend; Heiken Ashi candlesticks confirm an ascending correction.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a correction, which is indicated by Tweezers and Shooting Star reversal patterns. Engulfing Bearish pattern and Three Line Break chart confirm the correction; Heiken Ashi candlesticks indicate a possible bullish pullback.

RoboForex Analytical Department

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