Analysis for December 26th, 2016
At the H4 chart of EUR USD, the sideways correction continues. Bearish Shooting Star pattern indicates a descending movement. Three Line Break chart confirms a bullish direction; Heiken Ashi candlesticks show a possible bearish pullback.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H4 chart of USD JPY, Engulfing Bearish pattern showed a pullback to the downside. Right now, there are no reversal patterns. Three Line Break chart indicates the uptrend; Heiken Ashi candlesticks confirm that the descending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
RoboForex Analytical Department
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