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Japanese Candlesticks Analysis 04.07.2012 (EUR/USD, USD/JPY)

04.07.2012

Analysis for July 4th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bearish tendency on the sideways trend, which is indicated by Tweezers pattern. Window 2012.01.06 is a support level. Three Line Break chart indicates an ascending movement, Heiken Ashi candlesticks confirm the bearish tendency.



The H1 chart of the EUR/USD currency pair shows a bearish tendency on the ascending trend, which started after Tweezers pattern. The price is stuck inside Window 2012.05.28. Three Line Break chart indicates the ascending trend, Heiken Ashi candlesticks confirm a descending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency on the sideways trend. Three Line Break chart confirms an ascending movement, Heiken‑Ashi candlesticks indicate a bearish pullback.



The H1 chart of the USD/JPY currency pair shows a bullish tendency on the sideways trend. Window 2012.02.20 is a support level. Three Line Break chart indicates a bearish pullback, Heiken Ashi candlesticks confirm an ascending movement.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.