Japanese Candlesticks Analysis 22.08.2014 (EUR/USD, USD/JPY)
22.08.2014
Analysis for August 22nd, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows support from the lower Window. Engulfing Bullish, Belt Hold, and Three Methods patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
The H1 chart of EUR USD shows a correction within the downtrend, which started after Tower pattern. Shooting Star pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement, which confirms a possibility of a pullback downwards.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a descending movement, which is indicated by Shooting Star and Engulfing Bearish patterns. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.
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