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Japanese Candlesticks Analysis 28.09.2012 (EUR/USD, USD/JPY)

28.09.2012

Analysis for September 28th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows the end of a correction on the ascending trend, which is indicated by Tweezers pattern. Window 2012.01.23 is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the EUR/USD currency pair shows a bullish tendency, which is indicated by Tweezers and Hammer patterns. Three White Soldiers 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 and the start of a possible correction. Engulfing Bullish pattern indicates the correction; Three Line Break chart and Heiken Ashi candlesticks confirm the current tendency.



The H1 chart of the USD/JPY currency pair also shows a correction of the descending trend, which is indicated by Piercing Line pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm the correction.

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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.