Japanese Candlesticks Analysis 22.10.2014 (EUR/USD, USD/JPY)

October 21, 2014

Article By RoboForex.com

Analysis for October 22nd, 2014

EUR USD, “Euro vs US Dollar”

The H4 chart of EUR USD shows a correction within the downtrend. Tweezers and Shooting Star patterns indicate a possibility that the correction may complete; Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.

The H1 chart of EUR USD shows a descending movement; which is indicated by Shooting Star and Engulfing Bearish patterns. Three Line Break and Heiken Ashi candlesticks confirm a bearish tendency.

USD JPY, “US Dollar vs Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. The closest Windows are resistance levels. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

RoboForex Analytical Department

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Article By RoboForex.com

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

 

12 years ago