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Japanese Candlesticks Analysis 10.10.2016 (EUR/USD, USD/JPY)

Analysis for October 10th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Side-by-side White Lines pattern indicates that the bullish tendency continues. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish pullback.

At the H1 chart of EUR USD, Engulfing Bearish and Tweezers patterns indicate a descending correction. The upside Window is a support level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Shooting Star pattern indicated a descending correction; bullish Tweezers pattern shows an ascending movement. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.

RoboForex Analytical Department

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