Japanese Candlesticks Analysis 17.12.2013 (EUR/USD, USD/JPY)
17.12.2013
Analysis for December 17th, 2013
EUR/USD
H4 chart of EUR/USD shows ascending trend, which is indicated by bullish Tweezers and Harami patterns. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR/USD shows correction, which is indicated by Evening Star and Shooting Star patterns inside resistance area. Three Line Break chart indicates descending correction; Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows descending correction, which started after Engulfing Bearish pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement; Harami pattern indicates possible bullish pullback
H1 chart of USD/JPY shows ascending movement, which is bullish Harami pattern. Three Line Break chart confirms ascending movement; Heiken Ashi candlesticks indicate that sideways correction continues.
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