Japanese Candlesticks Analysis 07.09.2016 (EUR/USD and USD/JPY)
07.09.2016
Japanese Candlesticks Analysis, 07.09.2016
EUR USD "Euro vs. US Dollar"
4-H chart shows a sideways movement at the level of middle Window, the bearish Harami points downwards. The Three Line Break chart and Heiken Ashi candlesticks show a bearish tendency.
On 1-H EUR/USD chart a bearish Doji and a Shooting Star point to downside correction. There is still a bullish tendency on the Three Line Break chart whereas Heiken Ashi candlesticks confirm downside direction. The upper Window is a resistance here.
USD JPY "US Dollar vs. Japanese Yen"
There is a bearish tendency on the 4-H USD/JPY chart, the bullish Doji shows a possible upward movement, and the middle Window can act as a resistance. The Three Line Break chart and Heiken Ashi candlesticks keep showing a bearish tendency.
EUR USD "Euro vs. US Dollar"
4-H chart shows a sideways movement at the level of middle Window, the bearish Harami points downwards. The Three Line Break chart and Heiken Ashi candlesticks show a bearish tendency.
On 1-H EUR/USD chart a bearish Doji and a Shooting Star point to downside correction. There is still a bullish tendency on the Three Line Break chart whereas Heiken Ashi candlesticks confirm downside direction. The upper Window is a resistance here.
USD JPY "US Dollar vs. Japanese Yen"
There is a bearish tendency on the 4-H USD/JPY chart, the bullish Doji shows a possible upward movement, and the middle Window can act as a resistance. The Three Line Break chart and Heiken Ashi candlesticks keep showing a bearish 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.