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Japanese Candlesticks Analysis 10.08.2015 (EUR/USD, USD/JPY)

Analysis for August 10th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Tweezers pattern shows an ascending movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.

At the H1 chart of EUR USD, Shooting Star pattern shows a descending movement. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm a bearish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Tower pattern indicates a correction within the uptrend. The upper Window provided support. Three Line Break chart shows a descending correction; Heiken Ashi candlesticks confirm a bullish pullback.

RoboForex Analytical Department

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