Japanese Candlesticks Analysis 28.08.2014 (EUR/USD, USD/JPY)
28.08.2014
Analysis for August 28th, 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. The price is closing the Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending correction.
At the H1 chart of EUR USD, an open Window is a resistance level. Three Methods pattern, Three Line Break chart, and 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 and Heiken Ashi candlesticks confirm a descending correction.
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