Japanese Candlesticks Analysis 06.12.2016 (EUR/USD, USD/JPY)

06.12.2016

Analysis for December 6th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Hammer and Three White Soldiers patterns indicate an ascending movement. A new Window is a support level. Shooting Star pattern confirms a bearish pullback. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction.



At the H1 chart of EUR USD, bearish Harami and High Wave patterns indicated a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the correction continues.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Evening Star and Tweezers patterns indicated a descending correction. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish direction.



 
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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.