Daily candle chart

good night

this is an example for playing together candlestick pattern with volume
for titus:

we see an growing volume and price going up. But suddenly we
see a bearish hanging man on 1 h chart eur/usd with high volume !

This means, the climbing high volume with a bearish pattern
is example for change in trend on lower timeframe. Traders behind the high volume are interested in trend change, because volume is high, but price does not move up, it shows us a bearish hanging man and changes the trend.

so climbing high volume and bearish pattern = change in trend.

USD/CHF seems to have another piercing line pattern.

eur/usd has a bearish engulfing pattern:

Geppy has a second hanging man.

I don´t like this, because a confirmation of the first
hanging man would have been a bearish daily candle,
but we have a 2. hanging man, which is not a bearish
confirmation.

This one is tricky.

on USDCAD we have a second indicision candle,
a high wave candle. But notice change in color,
often change in color is indication of change in trend.
No save trade on this in my eyes.

oops,not optimal to trade now
so we should relax and sleep

next week, better trading, maybe with some surprise

Notice candlestick analyses for the yen index:

First chart daily:

the bearish reversal pattern I marked is build of three daily candles:
a bullish one, followed by an upward gap, followed by a hanging man, then a downward gap followed by a bearish candle. This normaly a kind of evening star, a major reliable reversal pattern, but this reversal was´nt very succesfull. The downmove after the pattern last only one day.

After this we see 2 candles, todays candle is an indicision candle.

Based on the pattern I marked and simple stochastic crossing this might go sideway or turn bearish.

The weekly yen index is a bit more clear

Last week and the week beore we have seen 2 shooting stars.
The long upper wicks are indicating big selling pressure, this weeks
candle is an indicision candle, but weekly is not finish.

The 2 bearish shooting stars have not been successfull, because
we have a higher weekly candle this week, then the candle the week before.

Also take notice, that the color of this weeks candle hast not changed, so, we have no confirmation on change of the weekly trend.

I think it is normal after we have seen a big drop in october, we see ranging price in november. But candlestick pattern give not a signal for a further drop or year-end rally at the moment. Sorry.

take a close look to the weekly eur/usd:

IF friday close above ~ 1.2820 we have a major bullish
weekly reversal pattern. But friday is not done yet

Just have a close look at the weekly at weekly end

take also a close look at the weekly close from GBP/CHF.

If weekly close above the last weekly bearish candle, we have a major weekly reversal pattern.

It is not perfect, but I would call it a three inside up:

http://www.candlesticker.com/Cs61.asp

But just wait for weekly close

hm....and this is most importend for monthly close:

If DOW would manage to climb 150-200 pips on friday....

Would it be a monthly hammer ?

If it is a hammer, most importend, this hammer appears above
a magic support area, the horizontal red line is the monthly tom demark support.

Pretty exciting to see the monthly close for dow tomorrow.

IF and i say just IF price closes above 1.56 -1.57 tomorrow there is a chance for a monthly hammer on GU Tomorrow will be the day.

watch out for another exciting weekly pattern on NZDUSD:

the preview on a weekly bullish engulfing pattern, if there is no surprise on friday.

I will have a close look at the weekly and monthly candles
on weekend, have a nice day/night.

There is a lot to think over, and candle patterns don´t lie.

Maybe reversals on some pairs

This is a potential pattern for daily geppy,
in case support 144/145 rejects price and pushes
it above 148.20.

It´s called bullish mat hold pattern:

http://www.candlesticker.com/Cs86.asp

To fill this pattern friday must be bullish, in this case,
monday will be bullish too. This is one possibility.

If price will be rejected from 148.20, we may test the
lows again.

Dollar Index daily and weekly:

http://en.wikipedia.org/wiki/US_Dollar_Index

"The US Dollar Index (USDX) is an index or measure of the value of the United States dollar relative to a basket of foreign currencies. It is a weighted geometric mean of the dollar's value compared to the euro (EUR), Japanese yen (JPY), Pound sterling (GBP), Canadian dollar (CAD), Swedish krona (SEK) and Swiss franc (CHF)."


The daily chart shows us a true bullish reversal pattern, which is formed of the last 3 candles: a three inside up pattern:

http://www.candlesticker.com/Cs61.asp

I think, we may consolidate in an area between ~ 84 and 88.

The weekly charts shows us a hanging man pattern followed by last weeks bearish candle. But the bearish candle shows us the power of the bulls because price went down, and bulls were able to push price back up. This is why the lower wick was formed by the bulls.

Based on daily candlestick chart of the dollar index I see a bullish dollar next week.

The monthly eur/usd candle is a neutral high wave candle:

http://www.candlesticker.com/Cs12.asp

After a big drop in the last month before, it is normal i think, that price has been resting a bit and looking for direction.

This high wave candle appears near the 76.4 monthly fibo level.

The weekly candle has not managed to form a bullish reversal pattern. It was one on thursday, but pricemovement on friday has pulled it back, where it is now.

The last weeks candle is indicating big selling pressure because of the long upper wick. Bulls were able to push price up, but in the end, bears fight it back down.