Japanese Candlesticks Analysis 05.09.2013 (EUR/USD, USD/JPY)
05.09.2013
Analysis for September 5th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bearish tendency. Hammer pattern and Three Line Break chart indicate a correction; Heiken Ashi candlesticks confirm the tendency.
The H1 chart of the EUR/USD currency pair shows a correction on the descending trend. Hammer and Doji patterns indicate an ascending correction; Three Line Break chart and Heiken Ashi candlesticks confirm the trend.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a sideways correction on the ascending trend, which finished after Belt Hold pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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