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Japanese Candlesticks Analysis 18.09.2012 (EUR/USD, USD/JPY)

18.09.2012

Analysis for September 18th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows the start of a correction on the ascending trend. Three Line Break chart indicates the current trend; Harami and Engulfing Bearish patterns, and Heiken Ashi candlesticks confirm the correction. The closest Window is a resistance level.



The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend. Doji Star and Three Black Crows patterns, as well as Three Line Break chart and Heiken Ashi candlesticks, confirm a descending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency and a trend change. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend and a weak Evening Star pattern (which has yet to be confirmed). Three Line Break chart and Heiken Ashi candlesticks indicate an ascending 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.