Japanese Candlesticks Analysis 05.12.2014 (EUR/USD, USD/JPY)
05.12.2014
Analysis for December 5th, 2014
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish correction, which is indicated by Tower pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; the price may form bearish patterns inside the support area.
The H1 chart of EUR USD shows a sideways correction close to the lower Window. Three Line Break chart indicates that an ascending correction continues; Heiken Ashi candlesticks confirm a bearish pullback.
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.