Japanese Candlesticks Analysis 18.04.2016 (EUR/USD, USD/JPY)
18.04.2016
Analysis for April 18th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provides support. Hammer pattern indicated a bullish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, the sideways correction continues. A new Window is closed and may provide support; Shooting Star pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Evening Star Doji pattern indicated a descending movement. A new Window is still open and provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
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