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Japanese Candlesticks Analysis 24.06.2016 (EUR/USD, USD/JPY)

24.06.2016

Analysis for June 24th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provides resistance. Harami pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, Inverted Hammer pattern indicated an ascending correction. The Window in the middle provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement. 




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downtrend continues. Engulfing Bearish pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Harami pattern indicates a possible bullish pullback.



 
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