Japanese Candlesticks Analysis 24.11.2014 (EUR/USD, USD/JPY)
24.11.2014
Analysis for November 24th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows the downtrend, which continued after a bearish Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend; the candlesticks near Meeting Lines pattern indicate the possibility of a bullish pullback.
At the H1 chart of EUR USD, the new Window has been closed by the price; now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm that an ascending correction continues.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a correction within the uptrend. A bearish Three Methods pattern and Three Line Break chart indicate that the correction continues; Heiken Ashi candlesticks confirm the strength of the uptrend.
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