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Japanese Candlesticks Analysis 01.11.2016 (EUR/USD, USD/JPY)

Analysis for November 1st, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the correction within the downtrend continues. There are no reversal patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



The H1 chart of EUR USD shows a bullish tendency. The closest Window is a resistance level. Bullish Inverted Hammer pattern indicated that the bullish tendency continues. 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, the uptrend continues. Bearish Tower pattern indicated 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.



 
RoboForex Analytical Department

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