Japanese Candlesticks Analysis 09.12.2015 (EUR/USD, USD/JPY)
09.12.2015
Analysis for December 9th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Morning Star pattern near the support level indicated an ascending movement. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a sideways correction. Three Methods 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, bearish Three Methods pattern indicates a descending movement. The downside Window may provide support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish 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.