Japanese Candlesticks Analysis, 05.09.2016

Japanese Candlesticks Analysis, 05.09.2016

EUR USD "Euro vs. US Dollar"

The bearish Doji, High Wave and Tower patterns on the 4-H chart suggest a downside move. The Three Line Break chart and Heiken Ashi candlesticks show a bearish tendency, and the Harami Cross shows a possible upside rebound.

On the 1-H EUR/USD chart the upper window has acted as a support, and the bearish High Wave show a possible downside rebound. There is still the bearish tendency on the Three Line Break chart whereas Heiken Ashi candlesticks confirm downside direction.

USD JPY "Доллар иена"

The upper window on the 4-H USD/JPY chart has acted as a resistance, and the Three Black Ravens pattern suggest a downside move.Three Line Break chart and Heiken Ashi candlesticks show a bearish tendency.

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.

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