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Japanese Candlesticks Analysis 27.07.2012 (EUR/USD, USD/JPY)

27.07.2012

Analysis for July 27th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bullish tendency on the descending trend. After forming Нarami pattern, the market started growing up. In the near term, we can expect the correction. Three Line Break chart indicates a bullish pullback, Heiken Ashi candlesticks confirm a descending movement.



The H1 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. Piercing Line pattern indicates that the local growth of the price may continue. Three Line Break and Heiken Ashi candlestick charts confirm an ascending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bearish tendency on the descending trend. Shooting Star pattern indicates that the price may continue falling down. Three Line Break and Heiken‑Ashi candlestick charts confirm a descending movement.



The H1 chart of the USD/JPY currency pair shows a sideways tendency. Harami pattern indicates the correction. Dark Cloud pattern indicates that the price may continue falling down. Three Line Break chart indicates a bullish pullback, Heiken Ashi candlesticks confirm a descending 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.