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Japanese Candlesticks Analysis 03.02.2015 (EUR/USD, USD/JPY)

Analysis for February 3rd, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, a sideways correction within the downtrend continues. Three Line Break chart indicates an ascending movement; Shooting Star and Heiken Ashi candlesticks confirm a bearish pullback towards the closest Window.



At the H1 chart of EUR USD, a correction within the downtrend continues. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows an ascending correction, which is indicated by bullish Tweezers and Belt Hold patterns. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.



 
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