Analysis for December 1st, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways correction continues. Patterns are directed in opposite directions. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending correction.
At the H1 chart of EUR USD, bearish Harami pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the uptrend continues. Bearish Evening Star reversal pattern indicates a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the correction.
RoboForex Analytical Department
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