Japanese Candlesticks Analysis 29.08.2014 (EUR/USD, USD/JPY)
29.08.2014
Analysis for August 29th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows Evening Star pattern near a new Window, which is a resistance level. Three Line Break chart indicates an ascending correction; Evening Star pattern and Heiken Ashi candlesticks confirm a bearish movement.
At the H1 chart of EUR USD, an Window below is still open; it’s a resistance level. Harami pattern and Three Line Break chart confirm that the current correction continues; Heiken Ashi candlesticks indicate a descending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a sideways correction within the uptrend. A new Window is closed and now it’s a resistance level. Three Line Break chart confirms that a descending correction continues; Heiken Ashi candlesticks indicate a bullish pullback.
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