Japanese Candlesticks Analysis 12.12.2016 (EUR/USD, USD/JPY)
12.12.2016
Analysis for December 12th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish, Tower and Shooting Star reversal patterns along with Three Methods continuation pattern indicate a descending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, bullish Hammer pattern indicates an ascending movement. A new Window is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Hammer and Three Methods continuation patterns indicated that the uptrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; the upside Window is a resistance level.
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