Japanese Candlesticks Analysis 14.12.2016 (EUR/USD, USD/JPY)
14.12.2016
Analysis for December 14th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami, Doji, Tower, and High Wave reversal patterns indicate a descending movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction to confirm that the ascending correction continues.
At the H1 chart of EUR USD, bearish Tweezers, Doji, and Shooting Star patterns indicate a descending movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bearish pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction to confirm the correction.
RoboForex Analytical Department
Attention!
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.