Japanese Candlesticks Analysis 24.10.2014 (EUR/USD, USD/JPY)
24.10.2014
Analysis for October 24th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a bearish tendency and a possible ending of a correction within the downtrend. Three Line Break chart indicates the downtrend; Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of EUR USD shows a sideways correction within the downtrend. Three Line Break indicates a bearish movement; High Wave pattern and Heiken Ashi candlesticks confirm that an ascending correction continues.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. Three Methods pattern below the upper Window indicates that the Window has been broken to the upside. Three Line Break chart indicates an ascending movement; Evening Star pattern and Heiken Ashi candlesticks confirm a bearish pullback.
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