Japanese Candlesticks Analysis 12.09.2012 (EUR/USD, USD/JPY)
12.09.2012 / 11:10
Analysis for September 12th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Three Methods patterns, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement; Window 2012.01.23 is a resistance level.
The H1 chart of the EUR/USD currency pair also shows a bullish tendency on the ascending trend, which is indicated by Three Methods pattern. Three Line Break chart confirms an ascending movement; Heiken Ashi candlesticks indicate a possible correction.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency, which is indicated by Tower pattern located near the upper border of a large Window. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicate a correction.
The H1 chart of the USD/JPY currency pair shows a bearish tendency. Hammer pattern and Three Line Break chart indicate a corrective mood; Heiken Ashi candlesticks indicate a descending movement.
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