Japanese Candlesticks Analysis 18.12.2014 (EUR/USD, USD/JPY)
18.12.2014
Analysis for December 18th, 2014
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bearish tendency, which continued after Engulfing Bearish pattern near the closest Window, which is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
As we can see at the H1 chart of EUR USD, the price has broken the lower Window and completed Three Methods continuation pattern below it. Three Line Break chart confirms a descending movement; Heiken Ashi candlesticks indicate the possibility of a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending movement, which is indicated by Engulfing Bullish pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
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