Japanese Candlesticks Analysis 04.05.2015 (EUR/USD, USD/JPY)

04.05.2015

Analysis for May 4th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a descending movement, which is indicated by Doji Evening Star pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows a descending movement, which is indicated by bearish Harami and Tower patterns. 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 upper Window is a resistance level. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm a bearish pullback.



 
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