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Japanese Candlesticks Analysis 09.08.2016 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for August 9th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Hammer patterns indicate a pullback upwards. The Window in the middle is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

At the H1 chart of EUR USD, Harami patterns show an ascending movement. The downside Window provides support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the closest Window provides support. Engulfing Bearish pattern indicates a pullback downwards. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.

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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