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Japanese Candlesticks Analysis 28.11.2016 (EUR/USD, USD/JPY)

Analysis for November 28th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Three Methods continuation pattern indicates that the ascending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; Shooting Star pattern shows a possible pullback to the downside.



At the H1 chart of EUR USD, bearish Harami and Shooting Star patterns indicate a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the uptrend. Bearish Harami and Tweezers reversal patterns indicate a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction and the descending correction.



 
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