Japanese Candlesticks Analysis 06.11.2014 (EUR/USD, USD/JPY)
06.11.2014
Analysis for November 6th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows the downtrend. 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. Three Line Break chart indicates the correction; Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows the uptrend. The new upper Window is still open; it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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