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Japanese Candlesticks Analysis 01.09.2015 (EUR/USD, USD/JPY)

Analysis for September 1st, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows the uptrend. The Window in the middle provided support. Shooting Star indicates a bearish pullback. Three Line Break chart shows the descending correction; Heiken Ashi candlesticks confirm a bullish movement.



At the H1 chart of EUR USD, Engulfing Bearish pattern indicates a descending movement towards support from the lower Window. Three Line Break chart shows a bullish movement; Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Belt Hold pattern indicated a bearish movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.



 
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