Japanese Candlesticks Analysis 16.09.2013 (EUR/USD, USD/JPY)
16.09.2013
Analysis for September 16th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways correction. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency, which is indicated by Engulfing Bullish pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a correction.
The H1 chart of the USD/JPY currency pair shows a sideways tendency. Harami pattern and Three Line Break chart indicate a descending movement; Heiken Ashi candlesticks indicate a possible support of the closest Window.
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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.