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Japanese Candlesticks Analysis 09.08.2016 (EUR/USD, USD/JPY)

Analysis for August 9th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Hammer patterns indicate a pullback upwards. The Window in the middle is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.



At the H1 chart of EUR USD, Harami patterns show an ascending movement. The downside Window provides support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the closest Window provides support. Engulfing Bearish pattern indicates a pullback downwards. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.



 
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