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Japanese Candlesticks Analysis 20.10.2016 (EUR/USD, USD/JPY)

Analysis for October 20th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bearish tendency continues. Bullish Doji pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, bullish Doji patterns indicate that the ascending correction continues. The downside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending correction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Harami patter probably completed the descending correction. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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