Candlesticks Analysis

Japanese Candlesticks Analysis 03.04.2015 (EUR/USD, USD/JPY)

FXTM Online Analysis Department. www.fxtmonline.com

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bearish pullback, which is indicated by Gravestone Doji pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



The H1 chart of EUR USD shows a descending movement, which is indicated by Evening Star pattern. The closest Window provides support. Three Line Break chart indicates an ascending tendency; Heiken Ashi candlesticks confirm a bearish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a descending movement, which is indicated by Tweezers and Shooting Star patterns near the resistance level of the Window. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.



 

FXTM Online Analysis Department. www.fxtmonline.com