Japanese Candlesticks Analysis 06.03.2017 (EUR/USD, USD/JPY)

6 марта 2017 - Fx4News

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Doji pattern indicated an ascending correction. The price may form bullish Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction; bearish Harami pattern confirms a bearish pullback. 

At the H1 chart of EUR USD, Engulfing Bearish, Harami, and Long Shadows patterns indicated a descending correction. The Window in the middle provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish High Wave and Shooting Star patterns indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

 

RoboForex Analytical Department