Japanese Candlesticks Analysis 02.10.2014 (EUR/USD, USD/JPY)
02.10.2014
Analysis for October 2nd, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend, which is indicated by Harami pattern. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm an ascending correction.
The H1 chart of EUR USD shows a correction within the downtrend, which is indicated by Hammers pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending correction.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a descending correction, which started after bearish Harami pattern. Three Black Crows pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.
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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.