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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 22.08.2016 (EUR/USD, USD/JPY)
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Japanese Candlesticks Analysis 22.08.2016 (EUR/USD, USD/JPY)

22.08.2016

Analysis for August 22nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern indicates a descending correction within the uptrend. The upside Window is a support level. Three Line Break chart shows a bearish direction; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm a pullback upwards.



At the H1 chart of EUR USD, Engulfing Bullish pattern indicates an ascending movement. The Window in the middle is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Harami pattern indicates a correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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