Japanese Candlesticks Analysis 01.12.2015 (EUR/USD, USD/JPY)
01.12.2015
Analysis for December 1st, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows the downtrend. Inverted Hammer pattern indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, bullish Three Methods patterns indicates that the ascending correction continues. Three Line Break chart shows a bullish direction; Shooting Star pattern and Heiken Ashi candlesticks confirm a possible bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. The upper Window provides resistance. Three Methods pattern, Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Shooting Star pattern indicates a 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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.