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

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.



 
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