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Japanese Candlesticks Analysis 13.03.2015 (EUR/USD, USD/JPY)

Analysis for March 13th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows the downtrend. Tower, Belt Hold, and Hammer reversal patterns indicate an ascending correction. Three Line Break chart confirms the correction; Heiken Ashi candlesticks indicate a possible bearish pullback.



The H1 chart of EUR USD shows a correction within the downtrend, which is indicated by Inverted Hammer Three White Soldiers patterns. Three Line Break chart shows an ascending correction; Doji pattern and Heiken Ashi candlesticks confirm a descending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows an ascending movement, which is indicated by Hammer pattern. Three Line Break chart confirms a descending correction; Heiken Ashi candlesticks show a bullish pullback.



 
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