Analysis for December 16th, 2016
At the H4 chart of EUR USD, bullish Hammer and Doji reversal patterns indicate a possible ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending correction.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, the ascending correction continues. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the correction.
At the H4 chart of USD JPY, Shooting Star pattern shows a descending correction. The Window in the middle is a resistance level. 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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