Japanese Candlesticks Analysis 02.09.2014 (EUR/USD, USD/JPY)

September 2, 2014

Article By RoboForex.com

Analysis for September 2nd, 2014

EUR USD, “Euro vs US Dollar”

At the H4 chart of EUR USD, the price faced resistance from the middle Window and then, after Evening Star pattern, the downtrend continued. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.

The H1 chart of EUR USD shows a possibility of a correction, which is indicated by Hammer, Belt Hold, Tweezers, and Harami patterns. Three Line Break chart indicate the downtrend; Heiken Ashi candlesticks confirm an ascending correction.

USD JPY, “US Dollar vs Japanese Yen”

The H4 chart of USD JPY shows the uptrend. The upper Window is broken and provides support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

RoboForex Analytical Department

Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

 

 

 

 

10 years ago