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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / Japanese Candlesticks Analysis 16.10.2015 (EUR/USD, USD/JPY)
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Japanese Candlesticks Analysis 16.10.2015 (EUR/USD, USD/JPY)

16.10.2015

Analysis for October 16th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Tower and Engulfing Bearish patterns indicated a descending movement. The upper Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, Tower and Three Black Crows patterns indicate a descending movement. The price may start a bullish pullback from these patterns. Three Line Break chart and Heiken Ashi candlesticks show a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. The lower Window provided support. High Wave and Belt Hold patterns indicate a bullish direction. Three Line Break chart shows a descending tendency; Heiken Ashi candlesticks confirm a bullish pullback.



 
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