Japanese Candlesticks Analysis 17.10.2014 (EUR/USD, USD/JPY)
17.10.2014
Analysis for October 17th, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, a bullish correction, which is indicated by Three Methods pattern, continues. Three Line Break chart indicates a bearish movement; Heiken Ashi candlesticks confirm an ascending correction.
The H1 chart of EUR USD shows a bullish tendency, which continued after Hammer pattern. Three Line Break chart indicates a bearish correction; Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows an ascending movement, which is indicated by Tower pattern. Three Line Break chart indicates a bearish movement; Heiken Ashi candlesticks confirm a bullish pullback towards the open Window.
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