Japanese Candlesticks Analysis 18.12.2013 (EUR/USD, USD/JPY)
18.12.2013
Analysis for December 18th, 2013
EUR/USD
H4 chart of EUR/USD shows sideways correction within ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of EUR/USD also shows sideways correction. Three Line Break chart and Morning Star pattern indicate ascending trend; Heiken Ashi candlesticks confirm bearish pullback.
USD/JPY
H4 chart of USD/JPY shows ascending movement, which is indicated by Hammer pattern. Three Line Break chart indicates descending correction; Heiken Ashi candlesticks confirm ascending trend.
H1 chart of USD/JPY shows ascending movement, which is indicated by Hammers pattern, Three Line Break chart, and Heiken Ashi candlesticks.
RoboForex Analytical Department
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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.