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Japanese Candlesticks Analysis 18.03.2015 (EUR/USD, USD/JPY)

Analysis for March 18th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, a correction within the downtrend continues. Three Line Break chart indicates the downtrend; bullish Three Methods pattern and Heiken Ashi candlesticks confirm that the correction continues.



The H1 chart of EUR USD shows a sideways correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, a sideways correction within the uptrend continues. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending correction.



 
RoboForex Analytical Department

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