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Japanese Candlesticks Analysis 01.05.2015 (EUR/USD, USD/JPY)

Analysis for May 1st, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods pattern indicates that an ascending tendency continues. The closest Window is broken and provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



The H1 chart of EUR USD shows a sideways correction within the uptrend. The price may face resistance from the upper Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upper Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



 
RoboForex Analytical Department

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