Weekly Japanese Candlesticks Analysis 03.11.2014 (EUR/USD, USD/JPY)
03.11.2014
Weekly Analysis, November 3rd – 7th, 2014
EUR USD, “Euro vs US Dollar”
The weekly chart of EUR USD shows a bearish tendency. The closest Window is broken; now it’s a resistance level. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that a descending tendency continues.
The daily chart of EUR USD shows a bearish tendency within the downtrend, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs Japanese Yen”
The daily chart of USD/JPY shows a bullish tendency, which continued after Hammer pattern. Three Line Break and Heiken Ashi candlesticks confirm an ascending movement.
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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.