Analysis for December 8th, 2016
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.
EUR USD, “Euro vs. US Dollar”
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.
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.
USD JPY, “US Dollar vs. Japanese Yen”
RoboForex Analytical Department
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