Japanese Candlesticks Analysis 03.11.2014 (EUR/USD, USD/JPY)
03.11.2014
Analysis for November 3rd, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, Harami pattern indicates a possibility that the price may start a correction within the downtrend. The closest Window, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a correction within the downtrend, which is indicated by Morning tar pattern. The new lower Window is still open; it’s a resistance level. Three Line Break indicates the downtrend; Heiken Ashi candlesticks confirm a bullish correction.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. The new upper Window is open. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
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