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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Japanese Candlesticks Analysis 06.09.2016 (EUR/USD and USD/JPY)
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Japanese Candlesticks Analysis 06.09.2016 (EUR/USD and USD/JPY)

06.09.2016
Japanese Candlesticks Analysis, 06.09.2016

EUR USD "Euro vs. US Dollar"




On 4-H chart, the lower window acts as a support while the bearish pattern Doji, the High Wave and the Tower suggest a downsice move. On the Three Line Break chart, there is a bearish tendency, the bullish tweezers and Heiken Ashi candlesticks show a possible upside rebound.



On the 1-H EUR/USD chart the upper window is acting as a support, and the bearish Advance Block show a downside rebound. The Three Line Break chart and Heiken Ashi candlesticks show a bullish tendency.

USD JPY, "US Dollar vs. Japanese Yen"



A range correction continues on the 4-H USD/JPY chart. The upper window on the 4-H USD/JPY chart has acted as a resistance, and the bearish Three Black Ravens pattern suggested a downside move. The High Wave, Three Line Break chart and Heiken Ashi candlesticks confirm the downside direction.

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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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.