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Japanese Candlesticks Analysis 11.10.2016 (EUR/USD, USD/JPY)

Analysis for October 11th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Harami pattern indicated a descending movement. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, bearish Three Methods patterns indicated that the descending tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bullish Doji pattern shows a possible bullish pullback towards resistance from the downside Window.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Tweezers pattern indicated an ascending movement. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
RoboForex Analytical Department

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