Analysis for December 4th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. Engulfing Bearish and Harami patterns indicate a bearish pullback. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a bullish tendency instead of a bearish one. Dark Cloud pattern indicates a descending movement. The Window in the middle provides support. 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 upper Window provides resistance. Engulfing Bearish and Evening Star patterns indicated a descending movement. Three Line Break chart shows that the descending correction continues; Heiken Ashi candlesticks confirm a bullish pullback.
RoboForex Analytical Department
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