Japanese Candlesticks Analysis 06.11.2015 (EUR/USD, USD/JPY)
06.11.2015
Analysis for November 6th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bearish tendency, which is indicated by Three Methods pattern, continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
The H1 chart of EUR USD shows a sideways correction within the downtrend. Doji pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. Three Methods continuation pattern indicates an ascending movement. The upper Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
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.