Japanese Candlesticks Analysis 16.12.2016 (EUR/USD, USD/JPY)
16.12.2016
Analysis for December 16th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer and Doji reversal patterns indicate a possible ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending correction.
At the H1 chart of EUR USD, the ascending correction continues. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Shooting Star pattern shows a descending correction. The Window in the middle is a resistance level. 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.