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Japanese Candlesticks Analysis 17.11.2016 (EUR/USD, USD/JPY)

Analysis for November 17th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bearish tendency continues. Bullish Hammer pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm the correction.



The H1 chart of EUR USD shows a correction within the downtrend. Bullish Tweezers pattern indicated an ascending 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 upside Window is a support level. Bearish Harami pattern shows a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
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