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Japanese Candlesticks Analysis 07.11.2016 (EUR/USD, USD/JPY)

Analysis for November 7th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provided resistance. There are no reversal patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, the upside Window provided resistance. Bearish Hanging Man along with a new Window indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upside Window is a support level. A new Window appeared. High Wave pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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