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Japanese Candlesticks Analysis 06.04.2016 (EUR/USD, USD/JPY)

06.04.2016

Analysis for April 6th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the sideways correction continues under the Window, which provides resistance. Bearish Doji and Harami patterns show that the descending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. The upside Window is a support level.



At the H1 chart of EUR USD, Harami and several Doji patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bullish Harami pattern shows a possible pullback upwards.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the downtrend.  Three Methods continuation patterns indicated a descending movement. Three Line Break chart confirms a bearish direction; Heiken Ashi candlesticks show a possible bullish pullback.



 
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