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Japanese Candlesticks Analysis 21.12.2016 (EUR/USD, USD/JPY)

Analysis for December 21st, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish High Wave pattern indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bearish Tweezers pattern indicates a descending movement. 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, bearish Doji pattern shows a pullback to the downside. The upside Window is a resistance level. Three Line Break chart indicates the uptrend; and Heiken Ashi candlesticks confirm the correction.



 
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