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Japanese Candlesticks Analysis 19.12.2016 (EUR/USD, USD/JPY)

Analysis for December 19th, 2016

EUR USD, “Euro vs. US Dollar”

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.

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.

USD JPY, “US Dollar vs. Japanese Yen”

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.

RoboForex Analytical Department

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