Japanese Candlesticks Analysis 02.12.2014 (EUR/USD, USD/JPY)
02.12.2014
Analysis for December 2nd, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, a correction below the closest Window continues. There is a bullish Hammer pattern near the support level. Three Line Break chart indicates that the correction may continue towards the upper Window; Heiken Ashi candlesticks confirm the downtrend.
The H1 chart of EUR USD shows a sideways tendency. Engulfing Bearish and Three Methods patterns indicate a descending movement. Three Line Break chart shows a bullish movement; Heiken Ashi candlesticks confirm a bearish mood.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows the uptrend. Three Line Strike continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
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