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Japanese Candlesticks Analysis 07.12.2015 (EUR/USD, USD/JPY)

Analysis for December 7th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Engulfing Bearish, Three Methods, and Harami patterns indicate a bearish pullback. Three Line Break chart shows a bullish movement; Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, the downside Window provides support. Bearish Three Methods pattern indicates a descending movement. 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, the downside Window provided support. Hammer pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



 
RoboForex Analytical Department

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