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Japanese Candlesticks Analysis 03.09.2015 (EUR/USD, USD/JPY)

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.

RoboForex Analytical Department

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