Japanese Candlesticks Analysis 01.12.2014 (EUR/USD, USD/JPY)
01.12.2014
Analysis for December 1st, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, the closest Window is a resistance level. Gravestone Doji pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.
The H1 chart of EUR USD shows a descending movement, which is indicated by Evening Star Doji pattern. Three Line Break chart confirms a bearish movement; Hammer pattern and Heiken Ashi candlesticks indicate a possibility of a bullish pullback.
USD JPY, “US Dollar vs Japanese Yen”
At the H4 chart of USD JPY, the uptrend, which is indicated by a bullish Harami pattern and Three Methods continuation pattern, continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
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