Japanese Candlesticks Analysis 03.12.2014 (EUR/USD, USD/JPY)
03.12.2014
Analysis for December 3rd, 2014
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend continues. The support area was broken, now it’s a resistance one. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a bearish tendency and a sideways correction near the closest Window, which is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows the uptrend, which continues after Three Line Strike. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
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