Japanese Candlesticks Analysis 21.10.2016 (EUR/USD, USD/JPY)
21.10.2016
Analysis for October 21st, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods continuation pattern indicate that the descending tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, bearish Three Methods continuation pattern shows a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Evening Star pattern shows a descending movement. The upside Window is a resistance level. Three Line Break chart indicates a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
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