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Japanese Candlesticks Analysis 07.04.2015 (EUR/USD, USD/JPY)

Analysis for April 7th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bearish movement, which is indicated by Harami and Tower patterns. Three Line Break chart shows a bullish tendency; Heiken Ashi candlesticks confirm a descending movement.



As we can see at the H1 chart of EUR USD, the lower Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish movement, which is indicated by Hammer pattern. The upper Window is a resistance level. Three Line Break chart shows a bearish movement; Heiken Ashi candlesticks indicate an ascending tendency.



 
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