Japanese Candlesticks Analysis 08.04.2015 (EUR/USD, USD/JPY)
08.04.2015
Analysis for April 8th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Tower pattern shows a descending movement. Continuation patterns provide support. Three Line Break chart shows a bearish movement; Heiken Ashi candlesticks confirm a bullish pullback from the support level.
As we can see at the H1 chart of EUR USD, the price has formed bullish Three Methods pattern near the support level from the closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart of USD JPY, Shooting Stars pattern shows a descending movement near the upper Window, which is a resistance level. Three Line Break chart shows a bullish movement; Heiken Ashi candlesticks confirm a bearish movement.
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