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Japanese Candlesticks Analysis 13.10.2016 (EUR/USD, USD/JPY)

Analysis for October 13th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods continuation patterns indicate a descending movement. The downside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, bearish Harami pattern indicates that the descending tendency continues. The downside Window is a support 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, Engulfing Bearish pattern indicates a descending correction. The upside Window provided resistance. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm a bearish direction.



 
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