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Japanese Candlesticks Analysis 15.10.2015 (EUR/USD, USD/JPY)

Analysis for October 15th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Tower and Engulfing Bearish patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



As we can see at the H1 chart of EUR USD, Tower pattern indicates a descending movement. The upper Window provides support. Inverted Hammer pattern shows a possibility of a bullish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. The lower Window provides support. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.



 
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