Japanese Candlesticks Analysis 24.09.2013 (EUR/USD, USD/JPY)
24.09.2013
Analysis for September 24th, 2013
EUR/USD
The H4 chart of the EUR/USD currency pair shows a correction, which started after 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 correction, which is indicated by Engulfing Bearish pattern. Three Line Break chart indicates an ascending trend; 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 indicates a descending movement; Tweezers pattern and Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of the USD/JPY currency pair, the closest Window is a resistance level. Tweezers pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish tendency.
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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.