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Japanese Candlesticks Analysis 20.03.2015 (EUR/USD, USD/JPY)

Analysis for March 20th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, a correction within the downtrend continues. Evening Star pattern indicates a descending movement. Three Methods pattern provides support. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm that the 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. Bullish Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that an ascending correction continues.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Tweezers pattern indicates that the price may try to test the closest Window (which is a support level) once again. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.

RoboForex Analytical Department

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