Japanese Candlesticks Analysis 17.09.2013 (EUR/USD, USD/JPY)
17.09.2013
Analysis for September 17th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a descending movement, which is indicated by Engulfing Bearish pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the EUR/USD currency pair shows a descending correction. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency, which is indicated by Engulfing Bullish pattern. The upper Window is a resistance level. Three Line Break chart indicates a descending correction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair shows a bearish tendency. Hammer pattern and Three Line Break chart indicate an ascending movement; Heiken Ashi candlesticks confirm the tendency.
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