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Japanese Candlesticks Analysis 21.12.2012 (EUR/USD, USD/JPY)

21.12.2012

Analysis for December 21st, 2012

EUR/USD

The H4 chart of the EUR/USD currency pair shows a correction on the ascending trend. The closest Windows are support/resistance levels. Shooting Star pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm the correction.



The H1 chart of the EUR/USD currency pair also shows a correction. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.



USD/JPY

The H4 chart of the USD/JPY currency pair shows a correction, which is indicated by Engulfing Bearish pattern. The upward Window is still opened. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.



The H1 chart of the USD/JPY currency pair also shows a correction, which is indicated by the second Tweezers pattern. The upward Window is still opened. Thrusting Line pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending 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.