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Japanese Candlesticks Analysis 06.10.2016 (EUR/USD, USD/JPY)

Analysis for October 6th, 2016

EUR USD, “Euro vs. US Dollar”

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



At the H1 chart of EUR USD, Hammer pattern indicates a pullback upwards. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the bullish tendency continues. Candlesticks are bullish; the upside Window is a resistance level. Three Methods continuation pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending movement.



 
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