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Japanese Candlesticks Analysis 20.01.2016 (EUR/USD, USD/JPY)

Analysis for January 20th, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a sideways correction. Engulfing Bullish pattern indicated an ascending movement. Three Line Break chart shows a bearish movement; Heiken Ashi candlesticks confirm a bullish direction.



The H1 chart of EUR USD shows an ascending tendency, which continued after Tweezers and Engulfing Bullish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downtrend continues. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.



 
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