Analysis for November 3rd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bullish tendency continues. Doji pattern shows a possible descending correction. The Window in the middle is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, bearish Tweezers and Harami patterns show a descending correction. The Window in the middle may provide support. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Three Methods continuation pattern indicated a descending movement. The downside Widow is a support level. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.
RoboForex Analytical Department
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