Japanese Candlesticks Analysis 10.12.2013 (EUR/USD, USD/JPY)
10.12.2013
Analysis for December 10th, 2013
EUR/USD
H4 chart of EUR/USD shows bullish tendency within ascending trend, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR/USD shows support from closest Window. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows bullish tendency. However, price may form several bearish patterns inside resistance area. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of USD/JPY shows bullish tendency. Engulfing Bearish pattern indicates possible future correction; Three Line Break chart and Heiken Ashi candlesticks confirm descending 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.