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Japanese Candlesticks Analysis 23.12.2016 (EUR/USD, USD/JPY)

Analysis for December 23rd, 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; Shooting Star pattern shows a possible bearish pullback.

At the H1 chart of EUR USD, Engulfing Bullish pattern indicates an ascending movement. 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 Bearish pattern shows a pullback to the downside. The closest Window is a resistance level. Three Line Break chart indicates the uptrend; Heiken Ashi candlesticks confirm a descending movement.

RoboForex Analytical Department

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