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Japanese Candlesticks Analysis 19.09.2012 (EUR/USD, USD/JPY)

19.09.2012

Analysis for September 19th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend, which is indicated by Harami and Engulfing Bearish patterns. The closest Window is a support level. Three Line Break chart confirms the correction; Heiken Ashi candlesticks indicate a possible bullish pullback.



The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend, which is indicated by Doji Star and Three Black Crows patterns. Engulfing Bearish pattern and Three Line Break chart confirm a descending movement; Hammer pattern and Heiken Ashi candlesticks indicate a bullish pullback.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency and a trend change. The closest Window has been broken, now it’s a support level. Three Methods pattern, 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. Three Methods pattern and Three Line Break chart confirm an ascending movement; Heiken Ashi candlesticks indicate a possible bearish pullback.

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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.