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Japanese Candlesticks Analysis 16.12.2016 (EUR/USD, USD/JPY)

Analysis for December 16th, 2016

EUR USD, “Euro vs. US Dollar”

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.



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.




USD JPY, “US Dollar vs. Japanese Yen”

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.



 
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