Japanese Candlesticks Analysis 12.12.2013 (EUR/USD, USD/JPY)
12.12.2013
Analysis for December 12th, 2013
EUR/USD
H4 chart of EUR/USD shows bullish tendency within ascending trend. Price may form bearish patterns inside resistance 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 Shooting Star pattern. Closest Window is still support level. Three Line Break chart and Heiken Ashi candlesticks confirm descending correction.
USD/JPY
H4 chart of USD/JPY shows sideways correction, which is indicated by Engulfing Bearish and Tweezers patterns. Three Line Break chart confirms correction; Heiken Ashi candlesticks indicate bullish pullback.
H1 chart of USD/JPY shows ascending trend, which is indicated by Hammer patterns inside support area. Three Line Break chart and Heiken Ashi candlesticks confirm 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.