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Japanese Candlesticks Analysis 15.03.2016 (EUR/USD, USD/JPY)

Analysis for March 15th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Shooting Stars pattern indicated that the descending correction continues. The downside Window provides support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the descending correction continues.



At the H1 chart of EUR USD, Engulfing Bearish pattern indicated that the correction continues. The downside Window provides support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Doji patterns indicate a descending movement. The closest Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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