Japanese Candlesticks Analysis 08.12.2015 (EUR/USD, USD/JPY)
08.12.2015
Analysis for December 8th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods pattern indicates a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a sideways correction. The downside Window provides support. Three Line Break chart indicates a bullish direction; Doji pattern and Heiken Ashi candlesticks confirm that the descending correction continues.
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, Evening Star pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm 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.