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Japanese Candlesticks Analysis 05.05.2015 (EUR/USD, USD/JPY)

Analysis for May 5th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a descending movement, which is indicated by Doji Evening Star pattern. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows a correction within the uptrend. Three Line Break chart indicates a descending correction; Heiken Ashi candlesticks confirm a bullish pullback from Moving Average 89.




USD JPY, “US Dollar vs. Japanese Yen”

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



 
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