Japanese Candlesticks Analysis 23.09.2013 (EUR/USD, USD/JPY)
23.09.2013
Analysis for September 23rd, 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 the correction.
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. Engulfing Bearish pattern indicates a correction. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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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.