Japanese Candlesticks Analysis 10.10.2014 (EUR/USD, USD/JPY)
10.10.2014
Analysis for October 10th, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, a correction within the downtrend continues. Evening Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a descending movement, which is indicated by Engulfing Bearish pattern. Hammer pattern indicates a possibility of a bullish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish correction.
USD JPY, “US Dollar vs Japanese Yen”
At the H4 chart of USD JPY, a correction within the uptrend continues. Three Methods pattern and Three Line Break chart indicate a bearish movement; Hammers pattern and Heiken Ashi candlesticks confirm a pullback upwards.
RoboForex Analytical Department
Attention!
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.