Japanese Candlesticks Analysis 15.03.2023 (EURUSD, USDJPY, EURGBP)

March 15, 2023

By RoboForex.com

EURUSD, “Euro vs US Dollar”

On H4, EURUSD has formed a reversal pattern of a Long-Legged Doji near the resistance level. At this stage, the signal from the reversal candlestick pattern may trigger a downward wave. The target for the pullback will be 1.0710. However, one should not exclude the variant with price growth to the level of 1.0790 and continuation of the upward trend without a support test.


USDJPY, “US Dollar vs Japanese Yen”

On H4, USDJPY has formed a Inverted Hammer pattern. At this stage, the signal from the reversal candlestick pattern is being worked out in an ascending wave. The target for growth may be the level of 135.90. However, we should not exclude the variant of market situation development with the price rollback to the level of 134.00 and uptrend continuation after support test.


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.





Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter






EURGBP, “Euro vs Great Britain Pound”

On H4, EURGBP has formed a Inverted Hammer pattern. At this stage, the signal from the candlestick pattern has led to an upward wave. The resistance level of 0.8870 may be the target for the upside. Having tested it and broken through, the price has a chance to continue the upward trend. However, decrease of the price to the level of 0.8815 should not be excluded before the growth.

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

Speculator Extremes: Ultra T-Bonds, AUD, 5-Year & USD Index lead Bullish & Bearish Positions

By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…

10 hours ago

COT Metals Charts: Weekly Speculator Changes led by Platinum

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

10 hours ago

COT Bonds Charts: Speculator Bets led lower by 5-Year & 10-Year Bonds

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

10 hours ago

COT Soft Commodities Charts: Speculator Bets led lower by Soybean Oil, Soybean Meal & Cotton

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

11 hours ago

COT Stock Market Charts: Speculator Changes led by S&P500 & Nasdaq Minis

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

11 hours ago

Bitcoin price is approaching 100,000. Natural gas prices rise due to declining inventories and cold weather

By JustMarkets At Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.06%. The…

2 days ago

This website uses cookies.