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Japanese Candlesticks Analysis 11.06.2015 (EUR/USD, USD/JPY)

Analysis for June 11th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Engulfing Bearish and Shooting Star patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



At the H1 chart of EUR USD, Three Methods continuation pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a descending correction within the uptrend. Three Line Break chart indicates a bearish movement; Tower and Inverted Hammer patterns, along with Heiken Ashi candlesticks, confirm a bullish pullback.



 
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