Japanese Candlesticks Analysis 29.10.2014 (EUR/USD, USD/JPY)
29.10.2014
Analysis for October 29th, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, Three Methods pattern indicates that an ascending tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
The H1 chart of EUR USD shows a sideways correction within the uptrend. Three Line Break indicates an ascending movement; Shooting Star pattern and Heiken Ashi candlesticks confirm that the correction continues.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency and a sideways correction. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.