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Japanese Candlesticks Analysis 14.12.2012 (EUR/USD, USD/JPY)

14.12.2012

Analysis for December 14th, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a bullish tendency on the ascending trend. The closest Window is a support level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of the EUR/USD currency pair also shows a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Evening Doji Star pattern indicates a possible bearish pullback



USD/JPY

The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend, which is indicated by Three Methods pattern. Three Line Break chart confirms an ascending movement; a bearish Harami pattern and Heiken Ashi candlesticks indicate a possible correction.



The H1 chart of the USD/JPY currency pair also shows a bullish tendency. The most recent Window is a support level. Three Line Break chart confirms an ascending movement; Tower pattern and Heiken Ashi candlesticks indicate a possible bearish pullback.



 
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