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Japanese Candlesticks Analysis 08.12.2016 (EUR/USD, USD/JPY)

Analysis for December 8th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Tower pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bullish Hammer pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; the upside Window is a resistance level.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the sideways correction within the uptrend continues. Bearish Tweezers pattern indicates that the correction may become deeper. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the correction continues.



 
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