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Japanese Candlesticks Analysis 17.08.2015 (EUR/USD, USD/JPY)

Analysis for August 17th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Hanging Man and Shooting Star patterns showed a bearish movement. The lower Window provides support. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm that the descending correction continues.



As we can see at the H1 chart of EUR USD, the correction within the uptrend is becoming deeper. Bearish Harami pattern indicates that the price may break the Window in the middle downwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the correction within the uptrend, which is indicated by Tower and Shooting Star patterns, continues. Engulfing Bullish pattern indicates a pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



 
RoboForex Analytical Department

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