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Japanese Candlesticks Analysis 22.11.2016 (EUR/USD, USD/JPY)

Analysis for November 22nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Inverted Hammer reversal pattern indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bullish Tweezers pattern indicated that the correction within the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction to confirm the correction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bearish and Harami reversal patterns show a possibility of a descending correction. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.



 
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