Analysis for September 20th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which is indicated by Two Crows pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of the EUR/USD currency pair show a bearish tendency, which is indicated by Engulfing Bearish Three Line Break chart and Heiken Ashi candlesticks confirm the correction.
USD/JPY
At the H4 chart of the USD/JPY currency pair, the upper Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.
At the H1 chart of the USD/JPY currency pair, the closest Window is a resistance level. Tweezers pattern indicates a correction. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks indicate an ascending tendency.
RoboForex Analytical Department