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Japanese Candlesticks Analysis 01.09.2016 (EUR/USD, USD/JPY)

Analysis for September 1st, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the upside border of the middle Window provides support. Engulfing Bullish pattern indicate a possible pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

The H1 chart of EUR USD shows a sideways correction. The downside Window provides support. Inverted Hammer and Tweezers patterns indicate an ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upside Window provides resistance. Bullish Three Methods continuation patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

RoboForex Analytical Department

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