Japanese Candlesticks Analysis 02.09.2014 (EUR/USD, USD/JPY)

02.09.2014

Analysis for September 2nd, 2014

EUR USD, “Euro vs US Dollar”

At the H4 chart of EUR USD, the price faced resistance from the middle Window and then, after Evening Star pattern, the downtrend continued. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows a possibility of a correction, which is indicated by Hammer, Belt Hold, Tweezers, and Harami patterns. Three Line Break chart indicate the downtrend; Heiken Ashi candlesticks confirm an ascending correction.




USD JPY, “US Dollar vs Japanese Yen”

The H4 chart of USD JPY shows the uptrend. The upper Window is broken and provides support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
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