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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)

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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