Japanese Candlesticks Analysis 15.04.2015

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

Forex Trading |News Daily Update |FXTM Online Analysis Department.

Euro vs. US Dollar

The H4 chart of EUR USD shows an ascending correction, which is indicated by Tower and Hammer patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



The H1 chart of EUR USD shows a bullish correction, which is indicated by Harami pattern. The closest Window is broken, now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

US Dollar vs. Japanese Yen

The H4 chart of USD JPY shows an ascending movement, which is indicated by Morning Star pattern. Three Line Break chart indicates a bearish tendency; Heiken Ashi candlesticks confirm a bullish pullback.



 

Forex Trading |News Daily Update |FXTM Online Analysis Department.