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Japanese Candlesticks Analysis 07.08.2015 (EUR/USD, USD/JPY)

Analysis for August 7th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Tweezers pattern shows an ascending correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.



The H1 chart of EUR USD shows a correction within the downtrend. Tower and Engulfing Bullish patterns indicate that the ascending correction continues. 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 uptrend continues. The upper Window provided support. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.



 
RoboForex Analytical Department

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