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Japanese Candlesticks Analysis 26.12.2016 (EUR/USD, USD/JPY)

Analysis for December 26th, 2016

EUR USD, “Euro vs. US Dollar”

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.



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.




USD JPY, “US Dollar vs. Japanese Yen”

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.



 
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