Japanese Candlesticks Analysis 02.09.2013 (EUR/USD, USD/JPY)
02.09.2013
Analysis for September 2nd, 2013
EUR/USD
At the H4 chart of the EUR/USD currency pair, the closest Window is broken and may become a resistance level; Three Line Break chart indicates a bearish tendency; Hammer pattern and Heiken Ashi candlesticks confirm a correction.
The H1 chart of the EUR/USD currency pair shows a bearish tendency, which is indicated by Three Line Break chart. Harami and High Wave patterns, along with Heiken Ashi candlesticks indicate a bullish movement.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a new Window, which opened after bullish Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the tendency.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.