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Japanese Candlesticks Analysis 16.04.2015 (EUR/USD, USD/JPY)

Analysis for April 16th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows the downtrend. Three Line Break chart indicates an ascending correction; Harami pattern and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows a bearish tendency, which is indicated by Harami pattern. The closest Window is a support level. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm that the bearish tendency may continue towards support from the Window.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows an ascending movement, which is indicated by Engulfing Bullish, Hammer, and Tweezers patterns. Three Line Break chart indicates a bearish tendency; Heiken Ashi candlesticks confirm a bullish pullback.



 
RoboForex Analytical Department
 

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