Japanese Candlesticks Analysis 17.12.2014 (EUR/USD, USD/JPY)
17.12.2014
Analysis for December 17th, 2014
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the price faced resistance from the closest Window, which is near Engulfing Bearish pattern. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm a bearish pullback.
The H1 chart of EUR USD shows a correction below the lower Window, which continued after Engulfing Bearish pattern. Three Line Break chart indicates the uptrend; Heiken Ashi candlesticks confirm a descending correction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending movement, which is indicated by Engulfing Bullish pattern. Three Line Break chart indicates a bearish tendency; Heiken Ashi candlesticks confirm an ascending movement.
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