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Japanese Candlesticks Analysis 02.04.2015 (EUR/USD, USD/JPY)

Analysis for April 2nd, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows an ascending movement, which is indicated by bullish Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



As we can see at the H1 chart of EUR USD, the price faced resistance from the closest Window. Shooting Star pattern indicates a possible bearish pullback from the resistance level of the Window; Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a descending movement, which is indicated by Tweezers and Shooting Star patterns near the resistance level of the Window. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.



 
RoboForex Analytical Department

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