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Japanese Candlesticks Analysis 02.08.2016 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for August 2nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. The upside Window provides support. Harami pattern indicates an ascending movement. Three Line Break chart show a bearish direction; Heiken Ashi candlesticks confirm that the ascending tendency may continue.

At the H1 chart of EUR USD, Tweezers pattern shows an ascending movement. The upside Window provided support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm that the ascending tendency continues.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the bearish tendency continues. Shooting Star pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

RoboForex Analytical Department
Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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