Analysis for December 19th, 2016
At the H4 chart of EUR USD, bullish Hammer and Doji reversal patterns indicated an ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, the correction continues. Engulfing Bearish pattern indicates a pullback downwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H4 chart of USD JPY, Shooting Star patterns showed a descending movement. The upside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish direction to confirm the descending correction.
USD JPY, “US Dollar vs. Japanese Yen”
RoboForex Analytical Department
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