Japanese Candlesticks Analysis 20.04.2015 (EUR/USD, USD/JPY)
20.04.2015
Analysis for April 20th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a descending movement, which is indicated by Hanging Man pattern. Three Line Break chart shows an ascending correction; Heiken Ashi candlesticks confirm a bearish movement.
As we can see at the H1 chart of EUR USD, the upper Window is a resistance level. Tower pattern shows a descending movement near the Window. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the lower Window provides support. Three Line Break chart indicates a descending movement, which may continue up to the Window; Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.
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