Analysis of Japanese candlesticks for EUR/USD, and USD/JPY on 16.09.2016
16.09.2016
Analysis of Japanese candlesticks on September, 2016
EUR/USD "Euro vs US Dollar"
On 4 hours chart for Euro-US Dollar pair, a correction at level of middle Window is going on, bearish Harami and Shooting star candles show the way downwards. Bearish indication still can be seen on 3 lined of breakage chart and Heiken Ashi candles.
On 1 hour chart for Euro-US Dollar there is a side trend, candle models are still mixed, bearish Gravestone doji points downwards. On 3 lined of breakage chart there is a bullish movement, however, Heiken Ashi candles hint on a bearish indication.
USD/JPY "US Dollar vs Yen"
On 4 hours chart for US Dollar-Yen we see a bullish Hammer model, which indicates possible upwards correction, middle Window may play as support. On 3 lined of breakage chart there is still bullish indication, Heiken Ashi candles confirm downward movement.
EUR/USD "Euro vs US Dollar"
On 4 hours chart for Euro-US Dollar pair, a correction at level of middle Window is going on, bearish Harami and Shooting star candles show the way downwards. Bearish indication still can be seen on 3 lined of breakage chart and Heiken Ashi candles.
On 1 hour chart for Euro-US Dollar there is a side trend, candle models are still mixed, bearish Gravestone doji points downwards. On 3 lined of breakage chart there is a bullish movement, however, Heiken Ashi candles hint on a bearish indication.
USD/JPY "US Dollar vs Yen"
On 4 hours chart for US Dollar-Yen we see a bullish Hammer model, which indicates possible upwards correction, middle Window may play as support. On 3 lined of breakage chart there is still bullish indication, Heiken Ashi candles confirm downward 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.