Japanese Candlesticks Analysis 31.10.2014 (EUR/USD, USD/JPY)
31.10.2014
Analysis for October 31st, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend, which is indicated by Hammers pattern. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm a bullish correction.
At the H1 chart of EUR USD, Hammer pattern, Three Line Break, and Heiken Ashi candlesticks confirm an ascending correction.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows an ascending movement, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish tendency.
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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.