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Japanese Candlesticks Analysis 11.09.2012 (EUR/USD, USD/JPY)

11.09.2012

Analysis for September 11th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement; Window 2012.01.23 is a resistance level.



The H1 chart of the EUR/USD currency pair shows a sideways tendency on the ascending trend, which is indicated by High Price Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; the Window, which is the closest to the price, is a support level.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bearish tendency, which is indicated by Tower pattern located near the upper border of a large Window. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; Hammer candlestick may indicate a possible pullback upwards.



The H1 chart of the USD/JPY currency pair shows a sideways tendency. Hammer pattern indicates a corrective mood, Three Line Break chart and Heiken Ashi candlesticks indicate a bearish 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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.