Japanese Candlesticks Analysis 16.11.2016 (EUR/USD, USD/JPY)
16.11.2016
Analysis for November 16th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bearish tendency continues. Three Methods continuation pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, bearish Evening Star and Three Methods patterns indicated 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. The upside Window is broken, now it’s a support level. The price may form bullish Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
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