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Japanese Candlesticks Analysis 24.09.2012 (EUR/USD, USD/JPY)

24.09.2012

Analysis for September 24th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The closest Window is a support level, Doji pattern indicates the continuation of a descending tendency. Three Line Break chart indicates a bullish pullback; Heiken Ashi candlesticks confirm the correction.



The H1 chart of the EUR/USD currency pair shows a bearish tendency, which continued downwards after the Window. Three Line Break chart and Heiken Ashi candlesticks confirm the current tendency.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bearish tendency. Window 2011.12.26 is a support level. Three Methods pattern indicates a descending movement; Three Line Break chart and Heiken Ashi candlesticks confirm the current trend.



The H1 chart of the USD/JPY currency pair also shows a bearish tendency, which continued after Tweezers pattern. 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 LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.