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Japanese Candlesticks Analysis 18.08.2015 (EUR/USD, USD/JPY)

Analysis for August 18th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods continuation pattern shows a descending movement. The lower Window provides support. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.



The H1 chart of EUR USD shows a bearish tendency. Morning Star pattern indicates an ascending movement. The lower level of the Window in the middle provides resistance. Three Line Break chart shows a descending tendency; Heiken Ashi candlesticks confirm a bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the correction within the uptrend, which is indicated by Tower and Shooting Star patterns. The lower Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



 
RoboForex Analytical Department

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