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Japanese Candlesticks Analysis 03.11.2016 (EUR/USD, USD/JPY)

Analysis for November 3rd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. Doji pattern shows a possible descending correction. The Window in the middle is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bearish Tweezers and Harami patterns show a descending correction. The Window in the middle may provide support. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. Three Methods continuation pattern indicated a descending movement. The downside Widow is a support level. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.



 
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