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Japanese Candlesticks Analysis 08.05.2015 (EUR/USD, USD/JPY)

Analysis for May 8th, 2015

EUR USD, “Euro vs. US Dollar”

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



At the H1 chart of EUR USD, the lower Window provides support. Three Line Break chart indicates a bearish movement; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish movement, which is indicated by Doji pattern. 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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