Analysis for December 27th, 2013
EUR/USD
H4 chart of EUR/USD shows ascending movement, which is indicated by Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm bullish tendency.
H1 chart of EUR/USD shows support from closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
USD/JPY
H4 chart of USD/JPY shows correction within ascending trend, which started after Shooting Star pattern. New Window is support level. Three Line Break chart indicates ascending trend; Heiken Ashi candlesticks confirm that correction continues.
H1 chart of USD/JPY shows support from new upper Window. Shooting Star pattern indicates correction; Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department