Japanese Candlesticks Analysis 11.12.2013 (EUR/USD, USD/JPY)
11.12.2013
Analysis for December 11th, 2013
EUR/USD
H4 chart of EUR/USD shows bullish tendency within ascending trend. Shooting Star pattern indicates possible correction up to support area; Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement towards resistance area.
H1 chart of EUR/USD shows correction, which is indicated by Harami pattern inside resistance area. Closest Window is support level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows correction, which is indicated by Engulfing Bearish and Tweezers patterns inside resistance area. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
H1 chart of USD/JPY shows correction, which is indicated by Engulfing Bearish and Tweezers patterns. Price may form several bullish patterns inside support area. 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.