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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 16.09.2016
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Analysis of Japanese candlesticks for EUR/USD, and USD/JPY on 16.09.2016

16.09.2016
Analysis of Japanese candlesticks on September, 2016

EUR/USD "Euro vs US Dollar"


Analysis of Japanese candlesticks for EUR/USD, and USD/JPY on 16.09.2016

On 4 hours chart for Euro-US Dollar pair, a correction at level of middle Window is going on, bearish Harami and Shooting star candles show the way downwards. Bearish indication still can be seen on 3 lined of breakage chart and Heiken Ashi candles.

Analysis of Japanese candlesticks for EUR/USD, and USD/JPY on 16.09.2016

On 1 hour chart for Euro-US Dollar there is a side trend, candle models are still mixed, bearish Gravestone doji points downwards. On 3 lined of breakage chart there is a bullish movement, however, Heiken Ashi candles hint on a bearish indication.

USD/JPY "US Dollar vs Yen"

Analysis of Japanese candlesticks for EUR/USD, and USD/JPY on 16.09.2016

On 4 hours chart for US Dollar-Yen we see a bullish Hammer model, which indicates possible upwards correction, middle Window may play as support. On 3 lined of breakage chart there is still bullish indication, Heiken Ashi candles confirm downward movement.

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