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Japanese Candlesticks Analysis 08.11.2016 (EUR/USD, USD/JPY)

Analysis for November 8th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the downside Window provides support. Bullish Doji and Tweezers patterns indicate an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.



At the H1 chart of EUR USD, the Window in the middle provides resistance. Bearish Shooting Star indicates a descending movement. 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 correction continues close to the upside Window, which provides support. A new Window appeared. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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