Article By RoboForex.com
Analysis for March 20th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows correction within ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement towards support from closest Windows.
H1 chart of EUR USD shows bearish tendency, which is indicated by Tweezers pattern. Three Line Break chart confirms descending movement; Heiken Ashi candlesticks indicate bullish pullback.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows ascending movement, which is indicated by Tweezers and Engulfing Bullish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm bullish tendency.
H1 chart of USD JPY shows bullish tendency, which is indicated by Tweezers pattern. Upper Window is resistance level. Three Line Break chart, and Heiken Ashi candlesticks confirm ascending correction; Evening Doji Star pattern indicates possibility of bearish pullback.
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.
