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Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 17.12.2012 (EUR/USD, USD/JPY)

Japanese Candlesticks Analysis 17.12.2012 (EUR/USD, USD/JPY)

17.12.2012
0

Analysis for December 17th, 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 resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending trend.



The H1 chart of the EUR/USD currency pair also shows the start of a correction on the ascending trend, which is indicated by Doji pattern. Three Line Break chart confirms the ascending trend; and Heiken Ashi candlesticks indicate the correction.



USD/JPY

The H4 chart of the USD/JPY currency pair shows the start of a correction on the ascending trend, which is indicated by Upside Gap Two Crows pattern. Three Line Break chart indicates the current trend; Heiken Ashi candlesticks confirm a descending movement.



The H1 chart of the USD/JPY currency pair also shows the start of a correction. The upward Window is opened so far. Three Line Break chart indicates the current trend; Hanging Man pattern and Heiken Ashi candlesticks confirm a bearish movement.



 
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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.