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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 13.09.2016
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Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 13.09.2016

13.09.2016
Analysis of Japanese candlesticks on September 13, 2016

EUR/USD "Euro vs US Dollar"


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 13.09.2016

On 4 hours Euro-US Dollar chart middle Window demonstrates resistance, bearish patterns of Shooting star and Harami indicate downwards direction. On 3 lined breakage chart and Heiken Ashi candles we still can see a bearish indication, bullish Harami model shows the possibility for upwards correction.

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 13.09.2016

On 1 hour chart for Euro-US Dollar we have a side correction, candles are mixed, bullish Hammer indicates upwards. On 3 lined breakage chart we still can see bearish indication, Heiken Ashi candles confirm bullish correction.

USD/JPY "US Dollar vs Yen"

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 13.09.2016

On 4 hours chart for US Dollar-Yen we see bullish engulfment pattern, which indicates upwards direction, middle Window plays as a support. On 3 lined of breakage chart and Heiken Ashi candles we see the signs of bullish indication.

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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.