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Japanese Candlesticks Analysis 06.02.2015 (EUR/USD, USD/JPY)

Analysis for February 6th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, a correction within the downtrend continues. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm that an ascending correction continues.



The H1 chart of EUR USD shows an ascending movement, which is indicated by Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks show an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks confirm that an ascending correction continues.



 
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