Japanese Candlesticks Analysis 04.12.2014 (EUR/USD, USD/JPY)
04.12.2014
Analysis for December 4th, 2014
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Three Methods pattern indicates that the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; the price may form bullish patterns inside the support area.
The H1 chart of EUR USD shows a bearish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; the price may start a bullish pullback towards the resistance area.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the uptrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.