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Japanese Candlesticks Analysis 23.03.2015 (EUR/USD, USD/JPY)

Analysis for March 23rd, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend. Three Methods pattern provides support. Engulfing Bearish and Harami patterns, along with Three Line Break chart indicate the downtrend; Heiken Ashi candlesticks confirm that the correction continues.



At the H1 chart of EUR USD, Shooting Star pattern indicates that the price may start a bearish pullback. Three Line Break chart and Heiken Ashi candlesticks show an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the closest Window provides support level. Engulfing Bearish and Tweezers patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



 
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