Analysis for December 11th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern near the Window (resistance level) indicated a descending movement. Three Line Break chart confirms that a descending correction; Tweezers pattern and Heiken Ashi candlesticks show a bullish movement.
At the H1 chart of EUR USD, the upside Window provided resistance. Three Line Break chart indicates that the uptrend may continue; Engulfing Bearish pattern and Heiken Ashi candlesticks confirm a descending correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Three Methods and Evening Star patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
RoboForex Analytical Department
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