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Japanese Candlesticks Analysis 02.11.2016 (EUR/USD, USD/JPY)

Analysis for November 2nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. There are no reversal patterns. Three Methods continuation pattern shows an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



The H1 chart of EUR USD shows the bullish tendency. The Window in the middle is a support level. There are no reversal patterns. 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 Tower and Doji patterns indicated a descending movement. The upside Widow is broken, now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.



 
RoboForex Analytical Department

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