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Japanese Candlesticks Analysis 12.05.2015 (EUR/USD, USD/JPY)

Analysis for May 12th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Tweezers pattern indicates that a bullish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



At the H1 chart of EUR USD, Tweezers and Hammers patterns indicate a bullish movement. The closest Window is a resistance level. 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 near the closest Window (a resistance level). Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.



 
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