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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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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.