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Japanese Candlesticks Analysis 19.05.2015 (EUR/USD, USD/JPY)

Analysis for May 19th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bearish tendency within the uptrend. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows an ascending correction, which is indicated by Hammer pattern. The lower Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a sideways tendency. The Windows are support/resistance levels. Hammer pattern indicates a bullish movement. Three Line Break chart and Heiken Ashi candlesticks confirm that an ascending tendency continues.



 
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