Japanese Candlesticks Analysis 04.12.2015 (EUR/USD, USD/JPY)
04.12.2015
Analysis for December 4th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. Engulfing Bearish and Harami patterns indicate a bearish pullback. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a bullish tendency instead of a bearish one. Dark Cloud pattern indicates a descending movement. The Window in the middle provides support. 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, the upper Window provides resistance. Engulfing Bearish and Evening Star patterns indicated a descending movement. Three Line Break chart shows that the descending correction continues; Heiken Ashi candlesticks confirm a bullish pullback.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.