Analysis for November 4th, 2016
At the daily chart of EUR USD, bullish Doji pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction. High Wave pattern shows a possible bearish pullback.
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle is a resistance level. Doji pattern indicates that the descending correction may continue. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
At the daily chart of USD JPY, the correction within the downtrend continues. Harami pattern near the Window indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
RoboForex Analytical Department
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