Japanese Candlesticks Analysis 16.10.2014 (EUR/USD, USD/JPY)
16.10.2014
Analysis for October 16th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a bullish correction within the downtrend, which is indicated by Tower pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a local ascending movement towards a Window.
The H1 chart of EUR USD shows a bullish tendency. Mat Hold pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. A new Window below is open so far. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.