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Japanese Candlesticks Analysis 14.12.2016 (EUR/USD, USD/JPY)

Analysis for December 14th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami, Doji, Tower, and High Wave reversal patterns indicate a descending movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction to confirm that the ascending correction continues.



At the H1 chart of EUR USD, bearish Tweezers, Doji, and Shooting Star patterns indicate a descending movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bearish pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction to confirm the correction.



 
RoboForex Analytical Department

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