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Japanese Candlesticks Analysis 12.10.2016 (EUR/USD, USD/JPY)

Analysis for October 12th, 2016

EUR USD, “Euro vs. US Dollar”

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



At the H1 chart of EUR USD, bearish Three Methods patterns indicate that the descending tendency continues. The Window in the middle is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

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



 
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