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Japanese Candlesticks Analysis 22.12.2016 (EUR/USD, USD/JPY)

Analysis for December 22nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Three Methods pattern indicates that the ascending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bullish Three Methods pattern indicates an ascending movement. There are no reversal patterns. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bullish pattern shows an ascending movement. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the uptrend.



 
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