Japanese Candlesticks Analysis 21.11.2014 (EUR/USD, USD/JPY)
21.11.2014
Analysis for November 21st, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a sideways correction above the closest Window, which is a support level. Three Line Break chart shows an ascending tendency; Heiken Ashi candlesticks confirm that the price may rebound from the Window again.
The H1 chart of EUR USD shows a sideways tendency within the uptrend. The closest Window is a support level. Three Line Break chart indicates a descending movement; Morning Star pattern and Heiken Ashi candlesticks confirm that the uptrend continues.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a correction within the uptrend. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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