Japanese Candlesticks Analysis 04.09.2013 (EUR/USD, USD/JPY)
04.09.2013
Analysis for September 4th, 2013
EUR/USD
At the H4 chart of the EUR/USD currency pair, the closest Window is a resistance level; Three Line Break chart and Heiken Ashi candlesticks confirm a correction.
The H1 chart of the EUR/USD currency pair shows a correction on the descending trend. Three Line Break chart and Heiken Ashi candlesticks indicate an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm the tendency; Shooting Star and Harami patterns indicate a possible correction.
The H1 chart of the USD/JPY currency pair shows a sideways correction on the ascending trend. Three Line Break chart indicates an ascending movement; Engulfing Bearish and Heiken Ashi candlesticks confirm a possible descending correction.
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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.