Japanese Candlesticks Analysis 15.03.2022 (EURUSD, USDJPY, EURGBP)

March 15, 2022

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the upside correctional target may be at 1.1100. However, an alternative scenario implies that the price may continue falling to reach 1.0860 without any corrections towards the resistance area.


USDJPY, “US Dollar vs Japanese Yen”

As we can see in the H4 chart, USDJPY has formed a Hanging Man reversal pattern not far from the resistance level. At the moment, the asset is reversing and may start a new pullback towards the support area. In this case, the downside correctional target may be at 117.95. At the same time, an opposite scenario implies that the price may grow to reach 119.35 and continue the uptrend without any corrections towards the support area.


Free Reports:

Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






EURGBP, “Euro vs Great Britain Pound”

As we can see in the H4 chart, after forming a Harami reversal pattern near the resistance area, EURGBP is reversing and may start another descending wave. In this case, the downside target may be at 0.8380. Later, the market may test the support level, rebound from it, and resume the ascending tendency. Still, there might be an alternative scenario, according to which the asset may grow to reach 0.8475 without any corrections.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

NZD/USD Hits Yearly Low Amid US Dollar Strength

By RoboForex Analytical Department The NZD/USD pair has experienced a significant decline, touching a low…

4 hours ago

Svalbard Global Seed Vault evokes epic imagery and controversy because of the symbolic value of seeds

By Adriana Craciun, Boston University  Two-thirds of the world’s food comes today from just nine…

4 hours ago

Trump plans to raise tariffs by 10% on goods from China and 25% on goods from Mexico and Canada

By JustMarkets At Monday’s close, the Dow Jones Index (US30) increased by 0.99%. The S&P…

4 hours ago

Nuclear rockets could travel to Mars in half the time − but designing the reactors that would power them isn’t easy

By Dan Kotlyar, Georgia Institute of Technology  NASA plans to send crewed missions to Mars…

23 hours ago

Fast fashion may seem cheap, but it’s taking a costly toll on the planet − and on millions of young customers

By Paula M. Carbone, University of Southern California  Fast fashion is everywhere – in just…

1 day ago

“Trump trades” and geopolitics are the key factors driving market activity

By JustMarkets At Friday’s close, the Dow Jones Index (US30) was up 0.97% (week-to-date +1.99%).…

1 day ago

This website uses cookies.