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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.09.2016
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Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.09.2016

12.09.2016
Analysis of Japanese candlesticks on September 12, 2016

EUR/USD "Euro vs US Dollar"


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.09.2016

On 4 hours Euro-US Dollar chart middle Window demonstrates resistance, Shooting star pattern shows that we should expect the pair to descend. On 3 lined of breakage chart and Heiken Ashi candlesticks, we see the signs of bearish indication.

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.09.2016

On 1 hour chart for Euro against US Dollar bearish Doji pattern shows descending prospects. On 3 lined of breakage chart and Heiken Ashi candlesticks bearish indication is still in place.

USD/JPY "US Dollar vs Yen"

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.09.2016


On 4 hours US Dollar-Yen chart bearish Harami shows the way downward, middle Window plays as a support at the moment. On 3 lined breakage we see signs of bullish indication, however, Heiken Ashi candles confirm bearish 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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.