Japanese Candlesticks Analysis 27.08.2014 (EUR/USD, USD/JPY)
27.08.2014
Analysis for August 27th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend, which is indicated by bullish Tower pattern. A new Window below is still open; its lower border is a resistance level. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm an ascending correction.
At the H1 chart of EUR USD, an open Window is a resistance level. Three Line Break chart indicates the downtrend; Tower and Hammer patterns, along with Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bearish correction within the uptrend. A new Window is closed and now it’s a resistance level. Three Line Break chart indicates the uptrend; Heiken Ashi candlesticks confirm a descending correction.
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