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Japanese Candlesticks Analysis 29.04.2016 (EUR/USD, USD/JPY)

29.04.2016

Analysis for April 29th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern close to the daily Window (a resistance level) indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bearish Shooting Star pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; Morning Star pattern indicate a possible bullish pullback within the shadow of Shooting Star.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish High Wave pattern close to the downside Window indicates a possible correction towards the Window in the middle (resistance level). Three Line Break chart and Heiken Ashi candlesticks confirm a bearish tendency.



 
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