Japanese Candlesticks Analysis 19.12.2014 (EUR/USD, USD/JPY)
19.12.2014
Analysis for December 19th, 2014
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bearish tendency, which continued after Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a sideways correction. Three Methods continuation patterns indicate a descending movement. Three Line Break chart shows the downtrend; 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 bullish Three Methods patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
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