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Japanese Candlesticks Analysis 21.09.2012 (EUR/USD, USD/JPY)

21.09.2012

Analysis for September 21st, 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 resistance level. Three Line Break chart confirms the correction; Inverted Hammer pattern and Heiken Ashi candlesticks indicate a bullish pullback.



The H1 chart of the EUR/USD currency pair also shows a correction on the descending trend, which is indicated by Belt Hold pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bearish tendency, which is indicated by Harami pattern. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



The H1 chart of the USD/JPY currency pair shows a bearish tendency. Inverted Hammer and Tweezers patterns indicate a possible trend change. Three Line Break chart and Heiken Ashi candlesticks indicate 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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.