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Japanese Candlesticks Analysis 31.03.2015 (EUR/USD, USD/JPY)

Analysis for March 31st, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the downtrend continues. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.



As we can see at the H1 chart of EUR USD, after forming bearish Harami pattern, the price has broken the small Window, which is now a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. Shooting Star pattern indicates that the price may face resistance from the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
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