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Japanese Candlesticks Analysis 28.10.2016 (EUR/USD, USD/JPY)

Analysis for October 28th, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows the downtrend. Engulfing Bullish, Tweezers, and Three Methods patterns indicated the correction. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction to confirm that the ascending correction continues.



The H1 chart of EUR USD shows a sideways correction. Bearish Doji pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the uptrend. Bullish Tweezers and Three Methods patterns indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction to confirm the uptrend.



 
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