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Japanese Candlesticks Analysis 04.08.2015 (EUR/USD, USD/JPY)

Analysis for August 4th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provided resistance. Bullish Harami pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks indicates a bullish movement.



At the H1 chart of EUR USD, bullish Harami pattern indicated an ascending movement. The lower Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the sideways correction continues. Doji Evening Star pattern indicates a descending movement. Hammer pattern indicates a bullish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



 
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