Analysis for December 19th, 2013
EUR/USD
H4 chart of EUR/USD shows descending correction, which started after Tower and Tweezers patterns. Three Line Break chart and Heiken Ashi candlesticks confirm bearish tendency.
H1 chart of EUR/USD shows bearish tendency, which is indicated by Tweezers pattern. Three Line Break chart confirms descending movement; Harami pattern and Heiken Ashi candlesticks indicate bullish pullback.
USD/JPY
H4 chart of USD/JPY shows bullish tendency within ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of USD/JPY shows correction within ascending trend, which is indicated by Tweezers pattern. Three Line Break chart confirms current trend; Heiken Ashi candlesticks indicate that correction continues.
RoboForex Analytical Department