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Japanese Candlesticks Analysis 11.05.2015 (EUR/USD, USD/JPY)

Analysis for May 11th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods continuation pattern indicates that the descending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



At the H1 chart of EUR USD, Hammers pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a descending movement, which is indicated by Engulfing Bearish 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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