Japanese Candlesticks Analysis 12.05.2015 (EUR/USD, USD/JPY)
12.05.2015
Analysis for May 12th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Tweezers pattern indicates that a bullish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, Tweezers and Hammers patterns indicate a bullish movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a descending movement, which is indicated by Engulfing Bearish pattern near the closest Window (a resistance level). Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.
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