Japanese Candlesticks Analysis 15.10.2014 (EUR/USD, USD/JPY)

15.10.2014

Analysis for October 15th, 2014

EUR USD, “Euro vs US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend. Bearish Evening Star and Dark Cloud patterns are near fibo moving average 34. Three Line Break chart indicates an ascending correction; Heiken Ashi candlesticks confirm a local descending movement.



The H1 chart of EUR USD also shows a sideways correction Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. A new Window below is open so far. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement; Doji candlestick indicates a possibility of a bullish pullback towards the Window.



 
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