Japanese Candlesticks Analysis 12.05.2016 (EUR/USD, USD/JPY)

12.05.2016

Analysis for May 12th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern indicates a possible bearish pullback. The daily Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bearish Harami pattern indicated a descending correction. The downside Window provides support. Three Line Break chart shows a bullish tendency; Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Doji pattern indicated a descending movement. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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