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Japanese Candlesticks Analysis 24.10.2016 (EUR/USD, USD/JPY)

Analysis for October 24th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Tweezers pattern indicate an ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.



The H1 chart of EUR USD shows the downtrend. Bullish Tweezers pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Evening Star pattern indicated that the descending correction continued. The upside Window provided resistance. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending correction.



 
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