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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 20.11.2015 (EUR/USD, USD/JPY)
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Japanese Candlesticks Analysis 20.11.2015 (EUR/USD, USD/JPY)


Analysis for November 20th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a correction with the downtrend. Engulfing Bearish and Tower patterns, along with Three Line Break chart and Heiken Ashi candlesticks, confirm a bearish direction.

At the H1 chart of EUR USD, bullish Harami and High Wave patterns indicate a bullish pullback. The upper Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the correction within the uptrend continues. The upper Window provides resistance. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.