Japanese Candlesticks Analysis 18.11.2014 (EUR/USD, USD/JPY)
18.11.2014
Analysis for November 18th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend. Shooting Star pattern near Moving Average 55 indicates a descending movement. Three Line Break chart shows the downtrend; Morning Star and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of EUR USD shows an ascending movement, which is indicated by a bullish Tower pattern. Three Line Break chart indicates a descending movement; Three Methods pattern and Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency within the uptrend. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
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