Japanese Candlesticks Analysis 28.04.2014 (EUR/USD, USD/JPY)
28.04.2014
Analysis for April 28th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows ascending movement towards open Window, which is indicated by Tower and Belt Hold patterns near middle Window, which is support level again. Three Line Break chart and Heiken Ashi candlesticks confirm bullish tendency.
H1 chart of EUR USD shows bullish tendency, which is indicated by Tower pattern. Closest Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows sideways correction. Three Line Break chart indicates descending movement; Hammer pattern and Heiken Ashi candlesticks confirm bullish pullback.
H1 chart of USD JPY shows ascending movement, which is indicated by Hammer and Morning Star patterns. Upper Window is resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
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