Japanese Candlesticks Analysis 22.10.2014 (EUR/USD, USD/JPY)

22.10.2014

Analysis for October 22nd, 2014

EUR USD, “Euro vs US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend. Tweezers and Shooting Star patterns indicate a possibility that the correction may complete; Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



The H1 chart of EUR USD shows a descending movement; which is indicated by Shooting Star and Engulfing Bearish patterns. Three Line Break and Heiken Ashi candlesticks confirm a bearish tendency.




USD JPY, “US Dollar vs Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. The closest Windows are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
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