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Japanese Candlesticks Analysis 06.01.2017 (EUR/USD, USD/JPY)

Analysis for January 6th, 2017

EUR USD, “Euro vs. US Dollar”

At the daily chart of EUR USD, Engulfing Bullish and High Wave patterns indicate the ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H4 chart of EUR USD, bullish Hammer pattern indicated an ascending movement. There are no reversal patterns right now. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the daily chart of USD JPY, bearish Harami and High Wave patterns indicate that the descending correction continues. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.



 
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