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Japanese Candlesticks Analysis 02.09.2016 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for September 2nd, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows an ascending correction. Bearish Doji pattern indicates a pullback downwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, the Window in the middle provides support. Shooting Star, Doji, and Tweezers patterns indicate a pullback downwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upside Window is a resistance level. Bullish Three Methods continuation patterns provide support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

RoboForex Analytical Department

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.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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