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Japanese Candlesticks Analysis 05.11.2015 (EUR/USD, USD/JPY)

Analysis for November 5th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bearish tendency, which is indicated by Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



The H1 chart of EUR USD also shows a bearish tendency. Harami pattern indicates a descending movement. Three Line Break chart shows a possible ascending correction; Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. Three Methods continuation pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
RoboForex Analytical Department

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