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Japanese Candlesticks Analysis 10.08.2016 (EUR/USD, USD/JPY)

Analysis for August 10th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provided support. Engulfing Bullish, Hammer, and Three White Soldiers patterns indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.



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




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downside Window provides resistance. Bullish Harami pattern indicates a pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
RoboForex Analytical Department

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