Article By RoboForex.com
Analysis for March 10th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows bullish tendency within ascending trend. Closest Windows are support levels. Three Line Break chart and Heiken Ashi candlesticks confirm bullish tendency; Shooting Star pattern indicates possibility of correction.
H1 chart of EUR USD shows sideways correction within ascending trend. Evening Star pattern and Three Line Break chart confirm correction; Heiken Ashi candlesticks indicate ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows correction, which is indicated by Harami pattern. Three Methods pattern and Three Line Break chart indicates that ascending tendency continues; Heiken Ashi candlesticks confirm bearish pullback.
H1 chart of USD JPY shows correction within ascending trend, which is indicated by bearish Harami pattern. New Window is resistance level. 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.
