Japanese Candlesticks Analysis 20.12.2013 (EUR/USD, USD/JPY)
20.12.2013
Analysis for December 20th, 2013
EUR/USD
H4 chart of EUR/USD shows descending correction, which is indicated by Tower and Tweezers patterns. Three Line Break chart and Heiken Ashi candlesticks confirm bearish tendency.
H1 chart of EUR/USD shows bearish tendency within descending trend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm descending movement.
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 bullish tendency within ascending trend, which continued after Hammer pattern 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.