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Japanese Candlesticks Analysis 15.12.2016 (EUR/USD, USD/JPY)

Analysis for December 15th, 2016

EUR USD, “Euro vs. US Dollar”

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.



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.




USD JPY, “US Dollar vs. Japanese Yen”

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.



 
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