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Japanese Candlesticks Analysis 05.12.2016 (EUR/USD, USD/JPY)

Analysis for December 5th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Tweezers pattern showed a descending movement. A new Window appeared. Hammer pattern confirms a bullish pullback. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.



At the H1 chart of EUR USD, bullish Harami and Hammer patterns indicate an ascending correction. 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, bearish Evening Star and Tweezers patterns indicated a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the descending correction may continue.



 
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