Japanese Candlesticks Analysis 09.03.2015 (EUR/USD, USD/JPY)

March 9, 2015

Article By RoboForex.com

Analysis for March 9th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the pair is forming bullish Tower pattern, which means that the price may start a new correction. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm an ascending correction.

The H1 chart of EUR USD shows an ascending correction, which is indicated by Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upper Window has been broken and now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the uptrend.

RoboForex Analytical Department

Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




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.

 

 

 

11 years ago