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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 12.04.2016 (EUR/USD, USD/JPY)
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Japanese Candlesticks Analysis 12.04.2016 (EUR/USD, USD/JPY)

12.04.2016

Analysis for April 12th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Belt Hold pattern indicated an ascending movement. The daily Window was broken by a bullish candlestick. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; there might be a bearish pullback from the resistance level towards the daily Window, which provides support.



The H1 chart of EUR USD shows a bullish tendency. Harami and Hammer pattern in the support area indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows an ascending correction, which is indicated by bullish Hammer and Tweezers patterns near the downside Window, which provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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