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Japanese Candlesticks Analysis 31.10.2016 (EUR/USD, USD/JPY)

Analysis for October 31st, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend. Bearish Harami pattern indicates a descending movement. Three Line Break chart shows the ascending correction; Heiken Ashi candlesticks confirm a bearish pullback.



At the H1 chart of EUR USD, bearish Tweezers and Three Methods patterns indicated a descending movement. Three Line Break chart and shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Tower pattern indicates a descending correction. The upside Widow is a support level. Three Line Break chart confirms a bearish direction; Heiken Ashi candlesticks show a possible bullish pullback.



 
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