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Japanese Candlesticks Analysis 29.03.2016 (EUR/USD, USD/JPY)

Analysis for March 29th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provided support. The upside Window is a resistance level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a possible bearish pullback.

At the H1 chart of EUR USD, the closest Window provided support. Three Line Break chart, Heiken Ashi candlesticks, and bullish Harami pattern confirm an ascending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Three Methods continuation patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

RoboForex Analytical Department

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