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Japanese Candlesticks Analysis 26.10.2016 (EUR/USD, USD/JPY)

Analysis for October 26th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Engulfing Bullish and Tweezers patterns indicate that the correction within the downtrend is becoming more serious. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending movement.

At the H1 chart of EUR USD, bullish Tweezers and Tower patterns indicated an ascending correction. Three Methods continuation pattern, 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, Engulfing Bearish pattern indicated the correction. The upside Window is a resistance level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the descending correction is becoming deeper.

RoboForex Analytical Department

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