Analysis for December 12th, 2016
At the H4 chart of EUR USD, Engulfing Bearish, Tower and Shooting Star reversal patterns along with Three Methods continuation pattern indicate a descending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, bullish Hammer pattern indicates an ascending movement. A new Window is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H4 chart of USD JPY, bullish Hammer and Three Methods continuation patterns indicated that the uptrend continues. 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”
RoboForex Analytical Department
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