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Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

Candlestick analysis on 29 February 2016

EUR USD "Euro dollar"


Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

On the 4-hour euro dollar chart there is a bearish indication, the middle Window showed resistance. The 3-line break chart points down, the Heiken Ashi candles the bullish indication indicates a bullish pullback.


Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

On the hourly chart, the Eurodollar correction ended with Engulfing bearish. The 3-line break chart and Heiken Ashi candles confirm the downward trend.


USD JPY "Dollar yen"

Candlestick analysis for EUR/USD and USD/JPY on 29.02.2016

On the 4-hour dollar yen chart the lateral correction continues, the Hanging man model indicates the direction down. The 3-line break chart and Heiken Ashi candles have a bearish indication, the lower Window shows support.

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