Japanese Candlesticks Analysis 28.12.2016 (EUR/USD, USD/JPY)
28.12.2016
Analysis for December 28th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the price may form Engulfing Bearish pattern and continue the correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
At the H1 chart of EUR USD, bearish Harami pattern indicated a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bullish, Tweezers, and Three Methods patterns show an ascending movement. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the uptrend.
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