Article By RoboForex.com
Analysis for March 25th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement, which is indicated by Tower pattern. Lower Window is support level. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate bearish pullback.
H1 chart of EUR USD shows ascending trend, which started after High Wave and Harami patterns and support from closest Window. Three Line Break chart indicates ascending trend; bearish Harami pattern and Heiken Ashi candlesticks indicate descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows sideways correction, which is indicated by Hanging Man pattern. Three Line Break chart indicates correction; Heiken Ashi candlesticks confirm that bullish tendency continues.
H1 chart of USD JPY shows sideways correction within ascending trend near upper Window, which is indicated by Evening Doji Star and Gravestone Doji patterns. Three Line Break chart and Heiken Ashi candlesticks confirm ascending trend.
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.
