Japanese Candlesticks Analysis 03.09.2015 (EUR/USD, USD/JPY)
03.09.2015
Analysis for September 3rd, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction within the uptrend. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Shooting Star and Engulfing Bearish patterns indicate a bearish pullback.
At the H1 chart of EUR USD, the Window in the middle provides resistance. Doji Morning Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bearish tendency continues after Belt Hold pattern. Three Line Break chart shows a bullish direction; Hanging Man and bearish Harami patterns, along with Heiken Ashi candlesticks confirm that the descending tendency continues.
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