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Japanese Candlesticks Analysis 31.03.2016 (EUR/USD, USD/JPY)

Analysis for March 31st, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. The upside Window was broken; now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Three Methods pattern shows an ascending movement towards resistance from the daily Window.



At the H1 chart of EUR USD, bullish Tweezers and Three White Soldiers patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Evening Star and Three Black Crows patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. The closest Window provides resistance.



 
RoboForex Analytical Department

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