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Japanese Candlesticks Analysis 14.09.2012 (EUR/USD, USD/JPY)

14.09.2012

Analysis for September 14th, 2012

EUR/USD

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



The H1 chart of the EUR/USD currency pair also shows a bullish tendency on the ascending trend. Three Line Break chart, Three Methods pattern, and Heiken Ashi candlesticks confirm an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a correction on the descending trend. Window 2011.12.26 is a resistance level. Three Line Break chart confirms the current trend; High Wave pattern and Heiken Ashi candlesticks indicate the correction.



The H1 chart of the USD/JPY currency pair also shows a bearish tendency. High Wave pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate a possible correction.

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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.