Japanese Candlesticks Analysis 19.12.2013 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for December 19th, 2013

EUR/USD

H4 chart of EUR/USD shows descending correction, which started after Tower and Tweezers patterns. Three Line Break chart and Heiken Ashi candlesticks confirm bearish tendency.

H1 chart of EUR/USD shows bearish tendency, which is indicated by Tweezers pattern. Three Line Break chart confirms descending movement; Harami pattern and Heiken Ashi candlesticks indicate bullish pullback.

USD/JPY

H4 chart of USD/JPY shows bullish tendency within ascending trend. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.

H1 chart of USD/JPY shows correction within ascending trend, which is indicated by Tweezers pattern. Three Line Break chart confirms current trend; Heiken Ashi candlesticks indicate that correction continues.

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Article By RoboForex.com

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