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Japanese Candlesticks Analysis 02.12.2016 (EUR/USD, USD/JPY)

Analysis for December 2nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the correction continues. Patterns are directed in opposite directions. Three Line Break chart and Heiken Ashi candlesticks confirm than the ascending correction continues.

At the H1 chart of EUR USD, bearish Tweezers and Shooting Star patterns indicate 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 uptrend continues. Bearish Evening Star reversal pattern indicated a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the correction.

RoboForex Analytical Department

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