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Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

Analysis of Japanese candlesticks on March 3, 2016

EUR USD "Euro-Dollar"


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

The bearish trend is on the 4 hour Euro-Dollar chart. Chart of the 3-lined breakage confirms downward trend. Bullish hammers and candlesticks Heiken Ashi demonstrate the possibility of up pullback.


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

Side correction is on the 1 hour chart, level of the bearish pattern, three methods resist. Pattern of the bullish engulfing, Chart of the 3-lined breakage confirms continuation of up correction.


USD JPY "Dollar-Yen"

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on March 3, 2016

Bullish continuation pattern is on the 4 hour Dollar-Yen chart, gap supports. Three methods indicate the upward trend. Bullish indication is on the chart of the 3-lined breakage and candlesticks Heiken Ashi.

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