Analysis for December 22nd, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer, Tweezers, and Three Methods continuation patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; there may be a bearish pullback from the resistance area.
At the H1 chart of EUR USD, Doji pattern indicates a descending movement. Three Line Break chart confirms a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. The upside/downside Windows provide support/resistance respectively. Three Methods pattern and Three Line Break chart confirm a bearish direction; Heiken Ashi candlesticks indicate a possible bullish pullback.
RoboForex Analytical Department
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