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Japanese Candlesticks Analysis 13.05.2016 (EUR/USD, USD/JPY)

13.05.2016

Analysis for May 13th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the daily Window in the middle provided resistance. Bearish Harami pattern indicated a descending movement. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.



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




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bearish pattern indicated a descending movement. The Window in the middle provides support. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm a bearish direction.



 
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