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Japanese Candlesticks Analysis 10.02.2015 (EUR/USD, USD/JPY)

Analysis for February 10th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows the downtrend, which continues after Shooting Star and Tweezers reversal patterns. Three Methods continuation pattern indicates that the pair may continue falling; Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



As we can see at the H1 chart of EUR USD, after finishing Evening Star pattern, the price tried to resume falling, but was slowed down by Inverted Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks show different directions.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows an ascending movement. After rebounding from the closest Window and forming High Wave and Harami patterns, the price broke the maximum. Three Line Break chart and Heiken Ashi candlesticks confirm that an ascending movement may continue towards the upper Window.



 
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