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Japanese Candlesticks Analysis 02.02.2015 (EUR/USD, USD/JPY)

Analysis for February 2nd, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a sideways correction within the downtrend. The small lower Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



At the H1 chart of EUR USD, a correction within the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish movement; the small new Window is a support level.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the closest Window is still a resistance level. Three Line Break chart indicates the downtrend; bullish Belt Hold pattern and Heiken Ashi candlesticks confirm an ascending movement.



 
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