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Japanese Candlesticks Analysis 13.02.2015 (EUR/USD, USD/JPY)

Analysis for February 13th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the price has formed Harami pattern near the Moving Average, which means that a descending movement nay yet continue. Three Line Break chart and Heiken Ashi candlesticks confirm a correction.

As we can see at the H1 chart of EUR USD, after finishing Tower pattern, the price may resume falling. Three Line Break chart and Heiken Ashi candlesticks indicate a descending movement, thus confirming that bears may return to the market.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, we can see that after forming Evening Star pattern near the closest Window, the price is being corrected. Harami pattern may indicate that the pair may resume growing, but this assumption hasn’t been confirmed yet by Three Line Break chart.

As we can see at the H1 chart of USD JPY, the pair has formed Doji and Three White Soldiers patterns near the closest Window. Possibly, in the nearest future the price may form a pullback towards the upper Window, which is confirmed by an ascending movement indicated by Three Line Break chart and Heiken Ashi candlesticks.

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