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Japanese Candlesticks Analysis 17.03.2016 (EUR/USD, USD/JPY)

Analysis for March 17th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Harami pattern indicated an ascending movement. The Window in the middle provided support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; the upside Window provides support.



At the H1 chart of EUR USD, Doji pattern indicated that the uptrend continues. There are no reversal patterns. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Doji pattern showed a descending correction. There are no reversal patterns. The Window was broken, now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
RoboForex Analytical Department

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