Japanese Candlesticks Analysis 29.12.2016 (EUR/USD, USD/JPY)
29.12.2016
Analysis for December 29th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Morning Star and Three White Soldiers patterns indicate an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.
The H1 chart of EUR USD shows a bullish tendency. Belt Hold pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Belt Hold and Three Black Crows pattern showed a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish 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.