Japanese Candlesticks Analysis 16.12.2013 (EUR/USD, USD/JPY)
16.12.2013
Analysis for December 16th, 2013
EUR/USD
H4 chart of EUR/USD shows correction within ascending trend. Tweezers and Harami patterns indicate ascending movement. Three Line Break chart indicates correction; Heiken Ashi candlesticks confirm bullish pullback.
H1 chart of EUR/USD shows ascending movement towards resistance area, which is indicated by Tweezers pattern near support level of closest Window. Three Line Break chart indicates descending correction; Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows correction, which started after Engulfing Bearish pattern inside resistance area. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
H1 chart of USD/JPY shows correction, which is indicated by Shooting Star and Three Black Crows patterns. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department
Attention!
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.