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Japanese Candlesticks Analysis 18.05.2015 (EUR/USD, USD/JPY)

Analysis for May 18th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows the uptrend. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement; Tower pattern may provide support.



The H1 chart of EUR USD shows a descending correction, which is indicated by Harami pattern. Three Line Break chart indicates the uptrend; Heiken Ashi candlesticks confirm a bearish correction.




USD JPY, “US Dollar vs. Japanese Yen”

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



 
RoboForex Analytical Department

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