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Japanese Candlesticks Analysis 29.07.2016 (EUR/USD, USD/JPY)

Analysis for July 29th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provides support. Hanging Man pattern and Three Line Break chart show a bearish direction; Doji pattern and Heiken Ashi candlesticks confirm a possible bullish pullback.

At the H1 chart of EUR USD, Harami pattern shows an ascending movement. The Window in the middle provides support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm that the ascending movement continues. 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Shooting Stars, Doji, and Two Crows patterns indicated a descending movement. The downside Window was broken, now it is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

RoboForex Analytical Department

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