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Japanese Candlesticks Analysis 14.10.2016 (EUR/USD, USD/JPY)

Analysis for October 14th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Harami pattern indicates 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 Tweezers pattern indicated a descending movement. The Window in the middle provided resistance. Three Line Break chart shows a bearish direction; Engulfing pattern and Heiken Ashi candlesticks confirm a possibility of a slight pullback upwards.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Doji pattern indicates that the ascending tendency continues. The upside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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