Japanese Candlesticks Analysis 05.11.2014 (EUR/USD, USD/JPY)
05.11.2014
Analysis for November 5th, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, the downtrend continues. A bearish Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a sideways correction within the downtrend. The new Window is closed; now it’s a resistance level. Three Line Break indicates the correction; Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows the uptrend. The new upper Window is open. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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