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Japanese Candlesticks Analysis 19.03.2015 (EUR/USD, USD/JPY)

Analysis for March 19th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend. Evening Star pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm that an ascending correction continues.



The H1 chart of EUR USD shows a descending movement, which is indicated by Shooting Star, Engulfing Bearish, and Three Black Crows patterns. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm a bearish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows an ascending movement, which is indicated by Morning Star pattern. The closest Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm that a descending correction within the uptrend continues.



 
RoboForex Analytical Department

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