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Japanese Candlesticks Analysis 04.02.2015 (EUR/USD, USD/JPY)

Analysis for February 4th, 2015

EUR USD, “Euro vs. US Dollar”

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



The H1 chart of EUR USD shows a descending movement, which is indicated by Shooting Star pattern. 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 a correction within the downtrend. Three Line Break chart indicates an ascending correction; Harami pattern and Heiken Ashi candlesticks confirm the downtrend.



 
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