Japanese Candlesticks Analysis 04.11.2014 (EUR/USD, USD/JPY)
04.11.2014
Analysis for November 4th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows the downtrend; Harami pattern indicates a correction. The closest Window is still open. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a correction within the downtrend, which is indicated by Morning Star pattern. The new lower Window is a resistance level. Three Line Break indicates the downtrend; Heiken Ashi candlesticks confirm a bullish correction.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. The new upper Window is open. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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