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Japanese Candlesticks Analysis 29.05.2015 (EUR/USD, USD/JPY)

Analysis for May 29th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Harami pattern indicates an ascending correction. Three Line Break chart shows a bullish movement; Shooting Star pattern and Heiken Ashi candlesticks confirm a bearish pullback.

The H1 chart of EUR USD shows a correction within the downtrend. The closest Windows are support/resistance levels. Three Line Break chart indicates that an ascending correction continues; Heiken Ashi candlesticks confirm a bearish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. Engulfing Bearish pattern indicates a bearish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.

RoboForex Analytical Department

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