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Japanese Candlesticks Analysis 21.05.2015 (EUR/USD, USD/JPY)

Analysis for May 21st, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows an ascending correction, which is indicated by Morning Star pattern. The closest Window is a resistance level. Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish movement.



As we can see at the H1 chart of EUR USD, after forming bullish Harami pattern, the price has started a sideways correction. The lower Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. The upper Window provides support level. Evening Star indicates a bearish correction; Three Line Break chart and Heiken Ashi candlesticks confirm a descending correction.



 
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