Analysis for December 15th, 2016
At the H4 chart of EUR USD, bullish Hammer reversal pattern indicates a possible ascending correction. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction to confirm a descending movement.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, bullish Doji pattern indicates a possible pullback upwards. The closest Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H4 chart of USD JPY, the uptrend continues. There are no bearish patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
RoboForex Analytical Department
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