Japanese Candlesticks Analysis 05.10.2016 (EUR/USD, USD/JPY)

05.10.2016

Analysis for October 5th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Hammer pattern indicated an ascending movement. The downside Window provided support once again. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.



At the H1 chart of EUR USD, Hammer pattern, which is close to support from the middle Window, indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.



 
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