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Japanese Candlesticks Analysis 06.12.2016 (EUR/USD, USD/JPY)

Analysis for December 6th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Hammer and Three White Soldiers patterns indicate an ascending movement. A new Window is a support level. Shooting Star pattern confirms a bearish pullback. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction.

At the H1 chart of EUR USD, bearish Harami and High Wave patterns indicated a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the correction continues.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Evening Star and Tweezers patterns indicated a descending correction. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish direction.

RoboForex Analytical Department

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