Article By RoboForex.com
Analysis for March 5th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bearish tendency within ascending trend. Upper Windows are resistance levels. Three Line Break chart indicates current trend; Heiken Ashi candlesticks confirm correction.
H1 chart of EUR USD shows sideways correction. Upper Window is resistance level. Shooting Star pattern indicates descending movement. Three Line Break chart and Heiken Ashi candlesticks indicate possible support from middle Window.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bullish tendency. Three Line Break chart indicates descending movement; Three Methods pattern and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of USD JPY shows bullish tendency. Upper Window is resistance level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm ascending movement.
RoboForex Analytical Department
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.
