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Japanese Candlesticks Analysis 22.05.2015 (EUR/USD, USD/JPY)

Analysis for May 22nd, 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.



The H1 chart of EUR USD shows a sideways correction, which is indicated by Harami and Hammer patterns. The lower Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a descending correction, which is indicated by Evening Star pattern. The upper Window provides support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



 
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