Japanese Candlesticks Analysis 21.10.2014 (EUR/USD, USD/JPY)
21.10.2014
Analysis for October 21st, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend. Three Line Break chart indicates a descending movement; Doji and Heiken Ashi candlesticks confirm that an ascending correction continues.
At the H1 chart of EUR USD, a sideways correction within the uptrend continues. Engulfing Bullish and Belt Hold pattern, along with Three Line Break indicate an ascending movement; Harami pattern and Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows an ascending movement, which is indicated by bullish Tower pattern. The new upside Window has closed. Three Line Break chart indicates an ascending movement; Heiken Ashi candlesticks confirm a bearish pullback.
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