Japanese Candlesticks Analysis 08.10.2014 (EUR/USD, USD/JPY)
08.10.2014
Analysis for October 8th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a bullish correction within the downtrend, which is indicated by Tower pattern. Three Methods pattern and Three Line Break chart indicate an ascending tendency; Tweezers pattern and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a bullish tendency and a sideways correction. Tweezers and Shooting Star patterns, along with Three Line Break chart indicate that the correction continues; Hammer pattern and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a sideways correction. Three Line Break chart indicates a bearish movement; Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.
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