Japanese Candlesticks Analysis 16.09.2014 (EUR/USD, USD/JPY)
16.09.2014
Analysis for September 16th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a sideways correction within the downtrend. Three Line Break chart indicates the correction; Hanging Man pattern and Heiken Ashi candlesticks confirm the downtrend.
The H1 chart of EUR USD shows a sideways correction. Three Line Break chart and Heiken Ashi candlesticks indicate that the correction continues; a small Window is a resistance level.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a correction within the uptrend. Three Line Break chart and Heiken Ashi candlesticks confirm a descending 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.