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Japanese Candlesticks Analysis 02.02.2016 (EUR/USD, USD/JPY)

Analysis for February 2nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the sideways tendency continues. Hammer pattern indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.



The H1 chart of EUR USD indicates a bullish tendency. Three Methods pattern shows an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. A bearish pullback reached the middle Window, which provides support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; bullish Three Methods pattern indicates that the ascending tendency may continue.



 
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