Japanese Candlesticks Analysis 04.10.2016 (EUR/USD, USD/JPY)

October 4, 2016

Article By RoboForex.com

Analysis for October 4th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Shooting Star and Doji patterns indicated a descending movement. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, Engulfing Bearish and High Wave patterns indicated a descending movement. Bullish Doji pattern shows a possible pullback upwards. Three Line Break chart indicates a bullish direction; Heiken Ashi candlesticks confirm the descending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the Window in the middle is broken. Candlesticks are still bullish. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

RoboForex Analytical Department

Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Article By RoboForex.com

Attention!
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.

 

 

8 years ago