Analysis for December 21st, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Three Methods continuation pattern indicates a descending movement. Three Line Break chart confirms a bearish direction; Hammer pattern and Heiken Ashi candlesticks show that the sideways correction may yet continue.
At the H1 chart of EUR USD, Tweezers pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bullish Three Methods pattern shows a possible pullback upwards from its lower border.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction. The upside/downside Windows provide support/resistance respectively. Three Line Break chart indicates a bearish direction; Tweezers pattern and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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