Japanese Candlesticks Analysis 17.09.2012 (EUR/USD, USD/JPY)
17.09.2012 / 10:52
Analysis for September 17th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows the start of a correction on the ascending trend. Three Line Break chart indicates the current trend; Harami pattern and Heiken Ashi candlesticks confirm a possible correction. The closest Window is a resistance level.
The H1 chart of the EUR/USD currency pair also shows a correction on the ascending trend. Three Line Break chart indicates the current trend, Doji Star pattern and Heiken Ashi candlesticks confirm a descending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency and a possible trend change. Window 2011.12.26 is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also shows a bullish tendency. High Wave pattern, Three Line Break chart, and Heiken Ashi candlesticks indicate an ascending movement.
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