Japanese Candlesticks Analysis 16.03.2017 (EUR/USD, USD/JPY)

March 16, 2017

Article By RoboForex.com

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Shooting Star and Harami patterns indicate a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

At the H1 chart of EUR USD, bearish Shooting Star pattern indicated a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending pullback. The upside Window is a support level.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Hammer pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.


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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.

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