Japanese Candlesticks Analysis 07.12.2016 (EUR/USD, USD/JPY)
07.12.2016
Analysis for December 7th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Shooting Star pattern indicated a descending correction. A new Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, bearish Harami and High Wave patterns indicated a descending correction. Bullish Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Hammer pattern indicates that the uptrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
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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.