Japanese Candlesticks Analysis 17.11.2014 (EUR/USD, USD/JPY)
17.11.2014
Analysis for November 17th, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, a correction within the downtrend continues. The closest Window is broken; now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of EUR USD shows an ascending movement, which is indicated by Morning Star pattern. The closest Window is a support level. Three Line Break chart indicates a bullish tendency; Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows the uptrend. The closest Window is a support level. Engulfing Bearish pattern, Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
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