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Japanese Candlesticks Analysis 02.03.2015 (EUR/USD, USD/JPY)

Analysis for March 2nd, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods continuation pattern indicates that the downtrend may continue. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



As we can see at the H1 chart of EUR USD, Tweezers and Harami patterns have stopped an ascending correction, but the lower Window may provide support again. Three Line Break chart and Heiken Ashi candlesticks still indicate a descending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the uptrend, which is indicated by Three Methods pattern, continues. The price may face resistance from the upper Window again. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
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